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Housing Strains Deepen: Spain’s Home Prices Match Boom-Era Peak as Rent Pressures Persist in Argentina

A new national barometer shows housing is now a leading public concern in Spain, especially for renters and young adults.

Overview

  • Official data show Spain’s average home price rose 10.4% in 2025 to €2,093.5 per m², equaling the 2008 peak, with Madrid topping €3,500 per m² and regions like Baleares and Comunitat Valenciana leading gains.
  • In Galicia, August’s new rental contracts averaged about €611 a month and renting costs roughly 45% more per month than a typical mortgage payment, reflecting a sharply tightened rental market.
  • The GAD3/CGATE barometer presented in the Senate reports housing as a top-two national worry for 42% of Spaniards and the primary concern for 52% of renters, with 36% of under‑30s needing family help to leave home.
  • Spain’s government labels housing a bottleneck for economic and social progress, citing a structural supply deficit and the diversion of homes to alternative uses as key drivers of sustained price pressure.
  • In Buenos Aires (CABA), CESO reports September median asking rents of $500,000 for studios, $600,000 for two rooms and $800,000 for three, with no monthly change, year‑over‑year increases near 33%–39%, a minimum wage covering about 64% of a typical rent, listings up 31% year on year, and contract talks shaped by the Central Bank’s ICL at a near three‑year low versus CPI.