Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

No matter when you read this, it doesn't lose momentum. It is adhered to today as a structural problem. Probably one of the bones that's at the center of a whole system. And it is not limited to our Basque area, in the distant countries, the same thing happens. Therefore, epidemic and global. Scandalous, disturbing, unfair. He is constantly spreading protests and alarms. It's so big it's hard to overcome. The issue of housing.

The high price of housing is supported by a whole market, banks, legislation, housing policies, urbanism. The imbalance is caused by a tourism without borders: the second summer home, the hotels, the apartments for temporary rent… In conversation with a great builder from Hego Euskal Herria, he told me that this year he has sold 200 free homes just to start building. Asked about the buyer profile, he tells me that they are middle-high class and 50-60 years old, asking for better housing. And a real estate salesman has told me that the most modest homes that this generation leaves free in the market are in the hands of the long list of American buyers and interested. In the Northern Basque Country, 40% of the housing stock is occupied by the second home, which already offers a summer park in Paris.

News from September says that the Government of Andorra will prevent foreigners from investing in their homes. The scope of the dimension of the problem to make a size decision, even until a tax is imposed on foreign transactions. But there is something. Another piece of news is that in New York a ban has been imposed on rentals of holiday apartments on platforms such as airbnb so that the rental time for stays is greater than one month. Tourism and the real estate market must have unimaginable tentacles if we can still talk about exceptional movements to keep the exception.

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