Housing advocacy teams within the japanese Spanish metropolis of Valencia are getting ready a sequence of demonstrations within the upcoming weeks to protest the shortage of measures to curb rising rents and home costs.
Valencian residents are planning to hit again at skyrocketing rental prices with extra protests, following similar demos in 2024 where the focus was also on overtourism.
The organisations are already getting ready a schedule for the marches, together with a sequence of proposals they need to current to the native Valencian authorities.
They denounce the truth that the rise in costs is stopping younger individuals and lots of households from accessing first rate housing in Spain’s third most populous metropolis.
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José Luis González-Meseguer, spokesperson for the Platform for Individuals Affected by Mortgages in Valencia, confirmed in a press release to Radio Valencia that they’re already getting ready a public occasion with neighbourhood associations and organisations referred to as “València no està en venda” (Valencia isn’t on the market) to deliver consciousness to the problem and to try to pressure the federal government to take efficient measures to deal with the housing disaster.
Based on the Housing Observatory of the Polytechnic College of Valencia, the common rental worth within the metropolis of Valencia is €1,633. That is 75 p.c costlier than in 2019 and costs will not be stopping there.
The typical worth for a second-hand flat within the Mediterranean metropolis is now over €300,000 on common, in keeping with knowledge from Idealista.
Based on the Platform for Individuals Affected by Mortgages, evictions proceed to happen daily in Valencia with greater than 500 within the first quarter of the 12 months alone.
They, together with the Valencia Neighbourhood Federation and the Valencia Youth Council, have referred to as on the Metropolis Council to declare Valencia a ‘burdened zone’ with a purpose to pressure hire caps.
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A ‘burdened zone’ is outlined as one the place there’s a excessive threat of inadequate housing provide for its inhabitants. In an effort to be declared as such, it should meet one in every of two items of standards – the common value of hire or mortgage for houses plus associated bills exceeds 30 p.c of the common wage of the inhabitants within the space or if within the earlier 5 years the acquisition or rental worth has skilled an gathered enhance of three factors above the Client Value Index (CPI).
If this occurs, Valencian landlords must adhere to hire caps and strict guidelines on rental contracts.
READ ALSO: What happens when a city in Spain is declared a ‘stressed’ rental zone?
Official knowledge from Spain’s Ministry of Housing confirmed that in Barcelona, one of many first areas to be declared a burdened zone, rents they fell by 6.4 p.c in 2024.
Based on property portal Idealista, nonetheless, this hasn’t helped property costs in Barcelona, which have nonetheless elevated by 10.4 p.c within the final 12 months.
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