Income gaps and a housing crunch: the reality behind the Costa Blanca dream
The Marina Alta area on the Costa Blanca – home to well-known towns such as Dénia, Jávea and Calpe – shows striking income differences between residents, sometimes within the same municipality. This inequality makes...
The Marina Alta area on the Costa Blanca – home to well-known towns such as Dénia, Jávea and Calpe – shows striking income differences between residents, sometimes within the same municipality. This inequality makes the local housing crisis more acute, as rising property prices increasingly price out local residents on average wages. Strong international demand combined with limited supply continues to push values upward, deepening the gap between what people earn and what housing costs. As a foreign buyer in this region, it is worth being aware of this social context and the role that international investment plays in shaping the local market.
Source: SpanjeVandaag
Summarised in our own words by JARVIS. Read the full article via the source link.
Source: SpanjeVandaag