The housing market is in an unsustainable situation. A focus that Aritz Duranstudent in the Community of Madrid, has put in the capital of Spain which is going through a critical moment due to the sustained increase in prices and the proliferation of small-sized properties. An opinion that has been given in the program ‘laSexta Xplica’ and that he has had a lot of support on social networks.
This trend especially affects those who travel from other provinces to start their professional career, encountering an offer of properties whose costs are disproportionate to the quality of the space offered. Instability is accentuated by the ability of landlords to demand increases in monthly payments, which generates constant vulnerability in the young sector of the population.
They don’t sleep at night because they don’t know if they will be able to be home next month.
Aritz Durán, student in the Community of Madrid
The crisis for young residents in Madrid: “30 square meters where you have the bed above the kitchen”
The Madrid market, according to Aritz, has normalized the rental of minimum spaces, described as “30 square meter rooms where you have the bed above the kitchen“This housing precariousness hits hard the students who come to the capital with expectations for the future but find themselves with a reality where they must pay rents of up to 1,500 euros for studios or 600 euros for a single room.
This economic situation is a reality for the student which, as he explains, causes many workers and students to live under constant pressure. According to testimonies from the sector, the current model allows a landlord to communicate that “Either you pay me 100 euros more or you go to the fucking street”. This lack of legal and economic security is causing anxiety among those “They don’t sleep at night because they don’t know if they will be able to be home next month”.
The gap between Madrid and Catalonia: the difference between the norm and the “jungle”
The evolution of rental prices shows very different data depending on the application of containment policies. In the last year, as Aritz explained in the program, Catalonia has registered a variation in rental prices of 1.9%a figure significantly lower than that recorded in the center of the peninsula. This statistical difference highlights the impact of the different housing regulations in force in each autonomous community to protect the tenant.
On the contrary, The Community of Madrid has experienced an increase of 9.7% in the same periodwhich represents a growth almost five times greater than that of Catalan. Faced with this scenario, the most critical sectors denounce that the region has become a “jungle” where investment funds and the lack of regulation end up “looting and robbing the working class”who ultimately are the ones who must assume the costs of real estate inflation.
