The housing cost overburden in Spain stood at 5.1% in 2023. Forecasted data indicates a gradual decrease in households devoting more than 40% of their income to housing costs, with values expected to drop from 4.94% in 2024 to 4.26% in 2028. Year-on-year variations show a consistent pattern of decline, with percentages decreasing approximately by an average of around 3.5% annually. The compound annual growth rate (CAGR) over the five-year period is anticipated to further support this downward trend.
Future trends to watch for include the impact of economic policies on housing affordability, changes in household income levels, and shifts in real estate market dynamics. Monitoring these factors will be crucial for anticipating any potential deviations from the forecasted trends.
- Year-on-year variations:
- 2023 to 2024: approximately -3.14%
- 2024 to 2025: approximately -3.44%
- 2025 to 2026: approximately -3.57%
- 2026 to 2027: approximately -3.7%
- 2027 to 2028: approximately -3.84%
