Rent 'Eats' 39% of a Family's Income in Spain
2 Articles
2 Articles
The Banco de España recommends that a family spend as much as 30% of its rent to pay the house. In a very stressed rental market and in which the supply hardly gives to meet an increasing demand -many collectives lack enough savings to be able to opt for a house in property- this percentage is very far from what happens on the street. On average, households spent in the second quarter 39% of their net income to pay the rent.According to the data…
The effort for the acquisition is at 29%, 10 points less than the one needed to rent. Málaga tops the provincial ranking with an effort of 58% of the family income destined to rent
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