Bilbao

The housing market in Bilbao, Spain, is characterized by a significant shortage of affordable apartments, leading to a housing crisis. The city faces challenges such as high rental costs and a limited supply of decent flats at reasonable prices. This situation is exacerbated by the prevalence of short-term rentals on platforms like Airbnb, which reduces the availability of long-term rental options.

In Bilbao, the rental market is strained, with many people struggling to find affordable housing. The city is one of the most expensive in Spain, making it difficult for residents to secure long-term rentals. The local government and charitable organizations are working to address this issue by promoting the construction of affordable housing units and implementing regulations to limit short-term rentals.

Efforts to support and build affordable housing include initiatives by the Spanish government to boost public housing supply and align it with European standards. Additionally, charitable organizations are leveraging private investments to offer rental accommodations at below-market prices, contributing to environmental, social, and governance objectives.