Housing prices have grown almost four times more than wages over the past 13 years
A CC OO report highlights the effect of rising premises costs on business activity and estimates that a 30% drop in housing prices could create up to 411,000 jobs.
The trade unions in Spain are increasingly focusing on housing due to rising prices and their impact on workers' purchasing power. According to a report by CC OO's economic cabinet, the price of owned housing has increased 3.6 times more than salaries over the past 13 years. The union estimates that reducing housing costs by around 30% could lead to the creation of up to 411,000 jobs. The report also notes that the increase in commercial property prices is harming business activity.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
