Editorial: El País

• The housing crisis in Spain is hindering job creation due to exorbitant housing prices in certain places.
• Workers are declining better positions and wages due to high rental prices.
• The problem is affecting various sectors such as tourism, hospitality, education, law enforcement, healthcare and construction.
• Home prices have increased by 38% in the last four years, in contrast to wage increases of 12-20%.
• The gap between supply and demand for homes is growing, due to the creation of new households and a shortage of completed housing.

Conclusion: The housing crisis is a threat to the economy and financial performance and should drive cooperation between administrations and companies to find solutions to the soaring costs of housing as part of an economic growth strategy.

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