Why is Spain facing a housing crisis? | Explained

Spain is facing a severe housing crisis due to a combination of factors, including a surge in tourism and investment funds buying up properties. This has driven up housing prices, making it difficult for locals to afford homes. The influx of foreign investment has also led to a shortage of available housing for Spaniards, exacerbating the crisis. As a result, the Spanish government is struggling to provide affordable housing for its citizens.

Why it matters

Tourism and investment funds are driving up housing prices, making it harder for people to afford homes. The government is struggling to provide affordable housing, which is affecting the economy and the people.

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