The increase in housing prices and the Euribor forces us to allocate more and more income to mortgage payments. At the end of the third quarter, the financial effort reached 23.5% of the annual family income, compared to the 20.1% that was needed a year ago, according to a study by Idealista.
The data crosses the sale prices, the financial costs and the estimated income of a family. Thus, it casts the weight that housing has on purchasing power. Experts recommend that it not exceed a third of income, something that does not occur in the provinces with more effort and even less in their capitals.
The percentage of income that goes to the mortgage reaches 39.1% in Guipúzcoa, 35.6% in Barcelona, 34.5% in Madrid, 33.8% in Vizcaya and 31.8% in the Balearic Islands . They are the only provinces that exceed the recommended threshold. In the case of Madrid, the rate has shot up 7.3 points in one year, compared to 6.2 in Barcelona, where it grows the most.
Very close to exceeding the recommended third are also Girona (26.9%), Las Palmas (26.7%), Álava and Málaga (26.3%) and Santa Cruz de Tenerife (25.7%), all of them above average.
On the opposite side, where less effort is made is in Cuenca (12%), Teruel (12.3%), Lugo and Ciudad Real (13.5%), Jaén (13.6%) and Toledo (13.7 %).
Going into more detail, in the cities the effort is triggered and concentrated. In the case of Barcelona, no less than 14.3 points in one year. After this rise, 49.7% of income is needed to pay for the purchase of a home. It is followed by San Sebastián (46.8%), Madrid (41.3%), Bilbao (37.3%), Palma (33.3%), Cádiz (31.9%) and Vitoria Gasteiz (30.3%). ). "Only four capitals require an effort greater than a third of income to buy a home," they expose from Idealista.
At the other end are Ávila (16%), Zamora (16.1%), Jaén (16.2%), Lugo (16.3%) and Cáceres (16.6%).