The percentage of income that a household needs to buy a home grew in the last year to 23%, a percentage that reached 32% in the two Canary Island capitals, although this figure rises to 35% - up to 37% in the case of the Canary Islands - to rent, according to a study published by the Idealista real estate portal, which attributes these increases to the lack of supply.
A year ago, both percentages, measured for an average two-bedroom home, were 21% and 31%, respectively.
According to data from the third quarter of the platform, one of the largest in Spain with more than 1.3 million ads, Palma is the capital that demands the highest percentage of household income (48%).
It is followed by Barcelona (46%), Malaga (43%), Valencia (40%), Alicante (40%), Madrid (38%), San Sebastián (34%), Las Palmas de Gran Canaria (32%), Santa Cruz de Tenerife (32%) and Bilbao (31%), all of them above the 30% recommended by experts.
Málaga and Palma are the two cities where the effort has grown the most, having increased by 6 points. They are followed by Alicante (5 points), Madrid (3 points), Barcelona (3 points), Segovia (3 points), A Coruña (3 points) and Oviedo (3 points).
By province, Málaga and the Balearic Islands are the ones that require the greatest effort to rent a home, with 52% of family income in both provinces.
They are followed by Barcelona (44%), Valencia (38%), Santa Cruz de Tenerife, Las Palmas, Alicante and Madrid (37% in the 4 provinces).
In the case of purchase, there are five capitals that have effort rates above 30%: Palma (47%), San Sebastián (41%), Málaga (37%), Madrid (36%) and Barcelona (32%).
Among the provinces, the Balearic Islands require the greatest effort, with 46% of family income. They are followed by Málaga (44%), Santa Cruz de Tenerife (36%), Alicante (31%), Madrid (27%), Las Palmas (26%) and Barcelona (20%).
