The Political Economy of Rental Housing in Spain: The Dialectics of Exploitation(s) and Regulations

Figures & data

Figure 1. Amount of household mortgage loans and share of household rents used to pay mortgage loans. Source: Bank of Spain 2018, Colegio de Registradores 2018.

Figure 2. Origins of the money invested in rental housing acquisition. Source: own elaboration.

Table 1. Post-crisis regulations and its impacts on exploitation.

State-led instrument/Regulation/Policy	Goal	Impact on exploitation
Basel III/IFRS 9 (Supranational) SAREB(National)	Deleverage banking system from toxic assets.	Increasing default of households’ mortgage payments
REITs (National).	Facilitate landing of hedge funds into national housing markets	Increase rental prices & tenants displacement
Quantitative Easing	Stimulate economy/ direct idle money towards rental housing	Increase rental prices& tenants displacement/ uncertainty on workers’ pension funds’.

Source: own elaboration.

Bank of Spain, 2018. Statistical bulletin. Hoseuholds and non-profit institutions serving households. Available from: https://www.bde.es/webbde/en/estadis/infoest/bolest16.html [Accessed 6 December 2018].

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Colegio de Registradores, 2018. Estadística registral immobiliaria. Available from: http://www.registradores.org/portal-estadistico-registral/estadisticas-de-propiedad/estadistica-registral-inmobiliaria/ [Accessed 18 September 2019].

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