Millions Strike in Spain Over Housing Costs
Millions of workers across Spain took part in the country's first general strike in 14 years on Wednesday. They protested against rising housing costs. The nationwide 24-hour stoppage received support from major unions and tenant associations. This highlights a growing housing crisis ahead of a snap election set for November 29. Sandra Mora from the Madrid Tenants' Union said, "It’s extremely important to remind people that we, the workers – who are also renters or who also pay mortgages – are the ones with the power to halt production and bring the economy to a standstill."
The strike saw strong participation, especially in sectors like automotive and waste collection. Union reports showed participation rates of 90% and 82%, respectively. Coastal regions, including Catalonia and Andalusia, had the strongest support. Many schools and universities closed or operated at reduced capacity. In Barcelona, demonstrators set up roadblocks. In Madrid, clashes between police and protesters occurred near the main wholesale market. By midday, authorities reported 27 arrests related to minor incidents across the country.
The housing crisis has worsened due to a shortage of about 750,000 homes. This number could exceed one million by 2028, according to central bank estimates. The average rent in Spain is €1,176 ($1,315), which takes up nearly all of the average young worker's salary. Prime Minister Pedro Sanchez's government tried to pass laws to help renters but faced opposition in parliament. This led to the call for early elections. Alicia del Rio, also from the Madrid Tenants' Union, stressed the need for a change in the housing model. She stated, "We won't stop until we transform this country's housing model from top to bottom so that houses are for living instead of being at the service of the [landlord] minority."
Related coverage: Over 600,000 Protest in France Against Rising Living Costs.
The strike could affect sectors sensitive to labor disruptions, especially real estate and retail. Rising housing costs continue to strain consumer spending. Investors will pay attention to the upcoming election results, which may influence housing policy and economic reforms in Spain.
Based on reporting by: theguardian.com, moneycontrol.com