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Spaniards Go From Spending 28% of Their Salaries on Rent to 40% in 5 Years

According to the study entitled 'Ratio of wages and rental costs in 2019' by Fotocasa and Infojobs, the average Spaniard spent 40% of their income on rent last year, up by six points compared to 2018 (34%).

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Over the last five years (between 2015 and 2019), the average amount of a person’s monthly salary that has been earmarked for paying the rent has risen by 11.5 percentage points in Spain. In this way, in 2015, Spaniards had to allocate 28% of their monthly income to pay for an 80-square-metre rental apartment compared to 31% in 2016, 34% in 2018 and 40% in 2019.

The data contrasts with the yield offered by this segment of the market, especially compared to other financial investment products, and given the crisis caused by the pandemic.

Read the full article in Spanish.

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