Housing prices offer no respite. According to a study by the real estate portal idealista.com, a family that allocated 100% of its income for a year to the purchase of a home could only afford to acquire twelve square meters in Lanzarote, Fuerteventura, and Gran Canaria.
This theoretical metric relates the average household income from the National Statistics Institute (INE).
The national average is slightly higher than the data for the province of Las Palmas. A family in Spain could acquire 13 square meters with all the income from one year.
Málaga is the most expensive province, Ciudad Real the cheapest
In the case of the provinces, Málaga and the Balearic Islands are where what a family earns in a year allows them to buy a smaller portion of housing: 8 m2 in both cases.
Santa Cruz de Tenerife follows with 10 m2, and then the provinces of Guipúzcoa and Madrid, with 11 m2 each.
Below the national average are also Alicante and Las Palmas, with 12 m2, while Vizcaya is at the same average (13 m2). Barcelona and Cádiz, with 14 m2 each, are next in the ranking.
Annual family income in Ciudad Real is what allows the purchase of a larger portion of housing in the province, as it reaches 37 m2. Cuenca and Teruel follow
(33 m2 in both cases), Jaén (32 m2), Toledo (31 m2), and León (30 m2).
The most expensive city is San Sebastián, Jaén the cheapest
San Sebastián is the city where a year's income would allow for a smaller number of square meters, as it would only reach 8. The situation is similar in the cities of Barcelona, Madrid, and Palma, where 9 square meters could be bought with a year's income.
Málaga (10 m2), Bilbao (11 m2), Cádiz (11 m2), Valencia, A Coruña, and Vitoria (13 m2 in all 3 cities) follow.
On the other hand, in the city of Jaén, the area that could be bought with annual income reaches 28 m2, a little larger than that of the cities of Ciudad Real and
Lleida, which remain at 27 m2. Zamora, Murcia, and Teruel follow (with 25 m2 in all 3 cases), and Cuenca, Palencia, Castellón de la Plana, and Cáceres are at 24 m2.
