The price of housing destroys the family budget

There is a photograph of the residential market that indicates that a family with average income could assume the purchase with mortgage of more than half of the floors for sale in Spain. However, this generalization is not very representative in a matter with as many edges such as housing. The analysis by cities uncovers how the situation of tension in the real estate devours the income of the families in some territories and reduces well below the average the total of floors with affordable prices for family budgets. Palma de Mallorca stands as the capital with the monthly disbursements that most exceed the risk threshold, of lower amount of floors suitable for family income and of greater demand for initial savings to be owned.

An idealistic analysis of the prices of two bedroom floors in the provincial capitals shows that 51% of the current offer for that housing typology has a price located below the risk threshold if the data of the National Institute of Statistics (INE) of home income of each of the cities are taken into account. The study, carried out under the assumption of purchase with financing, measures the accessibility to the sale for a family with average income without having to allocate more than 30% of these to the payment of the mortgage and throws that in Spain, on average, families can face a monthly payment of 764 euros per month, while the fee of a two -bedroom house was located in the fourth quarter of 2024 in 589 euros per month.

To reach that conclusion, the study – which limits the analysis of the provincial capitals – compares the differences between the reasonable sale price (the one that does not absorb more than 30% of the income) and the market price to know the effort rate that the purchase with mortgage requires for average income. Thus the map is drawn with the territories where the economic effort is the greatest (those in which there is more difference between the price that should be assumed according to its average income level and the one that asks for the market) and those in which a family with average income can assume the purchase of a floor with financing. However, taking into account the differences between housing prices and income according to the city of residence and the tension between supply and demand – specially pressing in the largest cities – it is uncovered that, beyond the national average, there are six capitals in which the limit of the reasonable is far transferred.

Accessibility evaporates in Palma

Palma is in the lead. A family with average income in the Balearic capital should not allocate more than 950 euros per month to pay the mortgage fee to respect the risk threshold, but homes in the city require an average payment of 1,419 euros and fire the effort rate at 45%. There, only 17% of the two -room floors are financially suitable for a family with the average income of the place.

The risk threshold is also exceeded in San Sebastián, with an effort rate of 37% that derives from the difference between the reasonable quota of 1,118 euros and the 1,363 euros of market share; Only 23% of the floors are appropriate to the city’s average income level. The situation is replicated in Madrid, with 1,099 euros of reasonable fee and 1,344 euros of the market (effort of 37%), which make 30% of the floors do not exceed the risk threshold compared to 51% of the national average. Malaga is in a similar situation, with 790 euros of reasonable fee and 987 euros of the market (37% effort) and only 24% of floors that fit the family budget). In Barcelona, ​​the gap between 1,036 euros of reasonable fee and the bite of the income that supposes the 1,088 euros of real mortgage quota leaves a 32% accessible floors and an economic effort of 32%.

The last major market that breaches the premise of the national average is Alicante, although here the difference is less drastic with 768 euros of reasonable share compared to 777 euros of real mortgage. This translates into an average effort rate of 30% (at the risk limit) and makes 43% of the floors in the market suitable for the family budget in the city. You have to go to Jaén (11%), Lleida and Palencia (12% in both cases) to meet homes that require less economic effort.

The savings stumbling block to give the entrance of the floor

An essential factor in access to home is the savings required to assume the entrance and taxes involved in a sale operation. On average, in Spain 51,410 euros are needed to take the passage to be the owner.

This question is full and claim to Palma as the less accessible capital. The Balearic city that must contribute to buy housing amounts to 123,892 euros, followed by San Sebastián (119,025 euros) and Madrid (117,299 euros). Below 100,000 euros – the double of the average – are Barcelona (95,015 euros), Malaga (86,190 euros) and Pamplona (71,865 euros).

Below the average, Jaén stands out, where it is only necessary to contribute 27,276 euros to opt for financing, Palencia (29,028 euros), Zamora (29,276 euros) and Huelva (29,738 euros); They are the only cities where entrance and tax costs are below 30,000 euros.

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The price of housing destroys the family budget