Two out of ten residents of Galicia have difficulty meeting housing costs

According to the report, 24% of Galicia’s residents have difficulty meeting housing costs Households faced with an increase in housing space prepared by Grupo Mutua Propietarios to find out how the rise in housing costs affects the family economy.

“He Euribor is at its highest level since December 2008 and, given the strengthening of mortgages, rental demand continued to increase prices by 8%, despite the limit set by the Government,” explained the company’s Deputy General Manager for Strategy, Clients and Alternative Channels, Laura López Demarbre.

A situation which, aggravated by the increase in energy, added, “It threatened Galician households.” Therefore, according to this report, although mortgages and rents occupy an important part of household income, by 86% Galician energy consumption is the one that has grown the most in the last year.

In this way, he detailed that actions such as reducing energy bills (30%), giving up home repairs and improvements (24%) or eliminating the purchase of household items lead the list of actions to reduce household consumption. home (18%). For its part, looking for cheaper insurance, with 10%, is at the bottom of the action to reduce consumption.

Furthermore, the report Households faced with an increase in housing space points out that 86% of Galicians are pessimistic and believe that housing costs will continue to rise during 2023, and owners with outstanding mortgages predict a worse future: 44% are certain that costs will rise significantly in 2023.