In recent quarters, this increase in demand has also had an impact on rental prices, which is growing at a double-digit rate in large cities. Despite this, the percentage of the population that lives on rent increased seven tenths in 2017, to stand at 22.9%. In 2008, a prelude to the Spanish economic crisis, only 19.8% of the population lived on rent. This increase is bringing Spain closer to the great European powers, which reflect a much higher percentage in this indicator. In Germany, according to July 2019 calendar Cute, 48.6% of the population lived on rent in 2017. France (35.6%), the United Kingdom (35%) and Italy (27.6%) show similar rates.
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It is true that there are two autonomous regions in the Fado homeland, which correspond to the archipelagos of Madeira and the Azores, but neither their powers nor their demands to the central State can be compared distantly to what happens in Spain, especially in the case of Catalonia, which has already achieved 71,000 million euros from Madrid more than it had allocated in the common fund since 2012.
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The case is that the Portuguese citizens will be favored by a reduction of 3.5% in the regulated market of electricity in this newly started 2019. And the decrease extends to the liberalized market (between 2.6% and 6%, 3%, depending on the companies), including the Spanish operators Endesa and Iberdrola, which also operate in Portugal. That is, about 30 euros less per year for each Portuguese family.
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As for water consumption, varies in both countries from municipality to municipality, but the second Portuguese city, Oporto, is already applying a 2% drop for the new year, an unthinkable circumstance in Barcelona that allocates various sections of their rates to finance activities that have nothing to do with basic services for citizens.
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Let’s move on to the tax on petroleum products and energy (ISP) in Portugal: a game in which we will find a decrease of three cents per liter, at least as it pertains to gasoline since diesel oil is frozen.
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And, according to the experts of the real estate sector, the foreseeable thing is that it continues to increase during the next years.
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In fact, the barrel of oil is currently quoted at 54 dollars, but it turns out that the Spanish Ministry of Finance will force to modify the autonomous section of the special hydrocarbon tax, estimated at 4.8 cents per liter. As a result: some price declines in Portugal give way to increases in prices in Spain.
In contrast, in Eastern European countries there is still a large number of owners. Only 3.2% of Romanians live on rent. Countries such as Croatia (9.5%) and Slovakia (9.9%) also show percentages below 10%. Meanwhile, the European average remains at 30%. In the case of Spain, it is foreseeable that this indicator will continue to rise during the coming years, especially if the July 2019 calendar Cute trend change is completed.