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'Quite sad': Renters turn to lottery in Spain's housing crisis

Lorena Pacheco won a municipal lottery to rent a two-bedroom apartment in Madrid, highlighting Spain's housing crisis where many are priced out of the market.
Rents in Madrid have surged by 82 percent in the past decade, with many calling housing a right rather than a market commodity.
Over 44,000 people participated in this lottery, which provided only 63 winners amid a significant housing shortage in Madrid.
Madrid's city hall aims to increase social housing units from 9,200 to 15,000 by 2027, but currently only 50 to 200 new units are available each quarter.

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'Quite sad': Renters turn to lottery in Spain's housing crisis

Madrid, Spain — Lorena Pacheco has hit the jackpot — she won the right in a municipal lottery to rent a two-bedroom apartment and parking spot in one of Madrid’s few social housing estates. Like a growing number of Spaniards, the 30-year-old auxiliary nurse and her partner, Sergio Encinas, have found themselves priced out of

2 days ago·Manila, Philippines

Spain: people call for a raffle to rent an apartment - 10/03/2025

Lorena Pacheco was finally able to rent an apartment, thanks to a drawing from the Madrid city hall - a fact that highlights the drama of the housing crisis experienced by Spain and its capital. Read more (03/10/2025)

2 days ago·São Paulo, Brazil

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CDE News

Spanish hotel chain Melia buys housing for its workers as rents surge

Spanish hotel chain Melia buys housing for its workers as rents surgeSpanish hotel chain Melia is buying property to accommodate seasonal workers who can’t afford to rent in tourism hot spots as a housing crisis risks causing labour shortages in the country’s tourism industry, its CEO Gabriel Escarrer said. Melia, Spain’s biggest hotel chain, has bought a former hostel on the Balearic island of Menorca and […] The post Spanish hotel chain Melia …

2 days ago

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Business Times

Renters turn to lottery in Spain's housing crisis

Lorena Pacheco has hit the jackpot – she won the right in a municipal lottery to rent a two-bedroom apartment and parking spot in one of Madrid’s few social housing estates.

2 days ago

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