SANTA CRUZ DE TENERIFE, March 5 (EUROPA PRESS) –
38 percent of Canarians have difficulties in meeting housing expenses, according to the report ‘Households against the rise in housing’ prepared by the Grupo Mutua Propietarios to find out how the increase in costs affects the family economy associated with housing.
“The Euribor is at its highest level since December 2008 and, given the tightening of mortgages, rental demand has continued to increase prices by 8%, despite the limit established by the Government, a situation that, aggravated Due to the increase in energy, it has put Canarian households at risk,” explains Laura López Demarbre, deputy general director of Strategy, Customers and Alternative Channels of Grupo Mutua Propietarios.
According to the report, although mortgages and rentals take an important part of household income, for 78% of Canarians it is energy consumption that has risen the most in the last year.
For this reason, actions such as reducing the energy bill (34%), eliminating the purchase of items for the home (19%) and seeking cheaper insurance (14%) lead the list of actions to reduce household spending. For its part, dispensing with repairs and home improvements and trying to lower the rent or mortgage, with 12% and 7% respectively, are at the bottom of actions to minimize spending.
PESSIMISM ABOUT THE IMMEDIATE FUTURE.
In this inflationary context, the report ‘Households facing the rise in housing’ indicates that 84% of the Canaries are pessimistic and believe that during 2023 the expenses associated with housing will continue to increase, with owners with an outstanding mortgage being the ones who forecast a worse future: 44% are sure that expenses will rise a lot in 2023.
“When we talk about dealing with the cost of housing at present, one of the profiles that has the most difficulties is people on a rental basis. However, the abrupt rise in the Euribor in recent months and the Difficult forecasts for 2023 cause owners to fear for their economic future,” says López Demarbre.
