Spain's Housing Affordability Crisis Reaches Historic Peak: 8.4 Years of Salary Required to Buy Home
A 2025 study by Fotocasa and InfoJobs found that Spanish workers now need 8.4 years of gross salary to purchase an average 80-square-metre second-hand home, up from 7.1 years in 2024. The deterioration stems from a severe wage-price gap: wages rose only 1% while second-hand housing prices jumped 20.5% to an average of €2,879 per square metre. This represents Spain's worst housing affordability crisis on record, with regional disparities extreme—the Balearic Islands and Madrid require 15+ years of salary, while some central regions need only 3-4 years.
Spain is experiencing an unprecedented housing affordability crisis, according to research from property portal Fotocasa and job site InfoJobs. In 2025, the average Spanish worker must dedicate 8.4 years of full gross salary to purchase an 80-square-metre second-hand home—a sharp 16-month increase from 2024's 7.1 years. The crisis is driven by a widening gap between wage growth and housing costs: advertised wages increased by just 1% in 2025, while second-hand housing prices surged 20.5% to reach €2,879 per square metre on average. Regional disparities are pronounced, with the Balearic Islands and Madrid requiring over 15 years of salary, while only 17 of Spain's 52 provinces allow home purchases with less than five years of pay. Experts warn that stagnant wage growth cannot offset the property market surge, gradually pushing homeownership out of reach for many households, particularly in overheated markets.
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- EuronewsCenter
Buying a home in Spain now requires over 8 years of full salary
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