Madrid mobilises for affordable housing and fair rents

Thousands rallied in the Spanish capital on Sunday demanding affordable housing and lower rents.

Transcript

00:00Thousands marched through the streets of Madrid on Sunday demanding affordable housing.

00:06Some brandished placards saying lower prices, while others chanted slogans like

00:11if prices do not fall, rent strike.

00:14Many are homeowners who say renting and buying in the Spanish capital is unaffordable.

00:1980% of my salary would go to rent or buy. It's impossible.

00:25Much more than 50%. Much more. Here in Madrid it's impossible.

00:30A spokesperson for the tenant union warned landlords and real estate firms

00:36that their impunity is over, while hinting at a possible rent strike.

00:47The protest was organised by 40 tenant union organisations and neighbourhoods,

00:53which claim the local housing market is feeling an impossibly tight squeeze.