Cheap Property Spain - Private Property Less Expensive Than Social Housing

The Spanish newspaper El Pais has given indication that in some parts of Spain, in some areas, privately owned housing is less expensive than its socially owned alternative. This seems to be the case in the Barcelona area in the north of Spain, known as the Catalonia region.

The fall in property prices has led to a dis-parity of up to 30% in some areas, making subsidised housing a less than attractive option for potential residents. The Environment and Housing Department has said it will now look at selling land to developers who intend to produce social real estate at a much cheaper price, thus hopefully closing the gap.

These subsidised homes are meant to help low income families, however in this amazing turn of events its creating something previously unseen. (The right to live in a decent home is regarded as a constitutional right for all Spaniards)

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