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21.02.26 - 11:48
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′Psychological torture′: Spanish tenants fight back against housing ′harassment′ (The Guardian)
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Court in Madrid will soon decide whether developers are using construction to force people out of their homesWhen the Madrid building where Jaime Oteyza had lived since 2012 was sold to an investment fund two years ago, a local tenants' union swiftly warned him what to expect.First the tenants would be told that none of their rental contracts – regardless of their expiry date – would be renewed, the union said. Then, as the 50 or so families in the building grappled with what to do next, a series of construction projects would probably be launched in the building to ramp up pressure on them to leave. Continue reading......
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03.02.26 - 18:24
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Santander launches 98% mortgage for first-time buyers – with strict rules (The Guardian)
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High street bank breaks traditional 95% limit, but experts say take-up will be limited by exclusions on flats and new buildsOne of Britain's biggest banks has launched a mortgage that lets first-time buyers borrow up to 98% of the property's value – but experts said the “very strict” rules would exclude many people and property types.Santander said this was the first time for years that a major high street bank had gone beyond the traditional 95% borrowing limit, and some mortgage brokers called it a “bold and significant” move that would help more first-time buyers achieve their home ownership dreams. Continue reading......
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23.12.25 - 01:48
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Barcelona and Madrid have very different ideas on tackling Spain′s housing crisis. Which will succeed? | Jaime Palomera (The Guardian)
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While the country's capital is loosening regulations, the Catalan city is strengthening social housing. Their outcomes will affect all our futuresIn Spain, two cities face the same crisis, but are responding in fundamentally different ways. Over the past decade, the cost of housing in Madrid and Barcelona has soared – with rents rising by about 60% and sale prices by 90% – leaving young people, working families and retired people struggling to stay in their homes or even find one.Yet, while one city is betting everything on construction and giving free rein to big investors, the other is cautiously trying to steer the housing market towards the public good, despite political and institutional constraints.Jaime Palomera is a researcher on housing and inequality, author of The Hijacking of Housing, and co-founder of the Barcelona Urban Research Institute (IDRA) and the Tenants' Union Continue reading......
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