“A standard 80-square-meter apartment costs €1,000 a month. It requires an income of around €3,000 per month,” Baena said, warning that these are “very significant figures due to the shortage of affordable housing,” although they are still not at the levels seen in Madrid, Barcelona or Valencia. In June, 902 properties were available on real estate portals.
This upward trend is widespread: rents in Aragon have risen by 10% over the past 12 months. However, its intensity varies by city. While Zaragoza city is above the average, with an annual growth rate of 11.2%, prices in Huesca have risen by only 5%.
To address the situation, the director of the APIS association is calling for legislation to ensure that property owners are not afraid to put their homes on the rental market because, in his view, “regulation is far too lax.” “No matter how much housing we build through public-private initiatives, it will not be available for another year or two, and we need supply now—not only for students and young people, but also for professional relocations,” he said.
Luis Fabra, director of the Real Estate Market Chair, has assessed solutions such as residences that provide students with more alternatives, freeing up “the more traditional use of apartments,” as well as granting more hotel licenses to contain tourist rentals.
