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Europe’s Housing Crisis Worsens, Young Spaniards Struggle to Enter Market

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Europe’s housing crisis continues to escalate, with soaring property prices and a lack of affordable housing making it increasingly difficult for young people to enter the market—particularly in Spain, where residents in major cities are being priced out.

Rising Housing Costs Across the EU

Affordable housing has become a pressing issue across the EU, with one in 10 households in major cities spending more than 40% of their income on rent, according to the latest Eurostat data. This figure drops to 7% in rural areas. A combination of rising property prices, limited housing supply, and the expansion of tourist rentals is making access to housing more challenging, especially for young people.

Between 2010 and the third quarter of 2024, house prices in the EU surged by 54%, while rents increased by 26%. Estonia and Lithuania experienced the steepest increases, whereas Italy saw house prices decline, and Greece was the only country where rent prices fell.

Spain Faces a Severe Housing Crunch

Spain has been particularly affected, with rental prices soaring by 11.5% in 2024, according to property website Idealista. December marked a record high, with average rental prices reaching €13.5 per square meter.

“In Madrid, housing prices have surged by 20% in the past year for purchases and 15.4% for rentals,” said Quique Villalobos, a spokesperson for urban planning and housing at the Federation of Neighbourhood Associations of Madrid.

In the city centre, rents have jumped by 21%, with few properties available for less than €2,000 per month. In nearby metropolitan areas, three-bedroom apartments now command between €1,200 and €1,500 per month.

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Barcelona faces a similar crisis, with the booming short-term rental market playing a key role in driving up costs.

Young People Struggling the Most

The housing crisis has hit young people particularly hard. On average, Europeans leave their parental homes at 26.3 years old, but in Spain, that figure rises to 30.4—one of the highest in the EU.

“Housing is responsible for 70% of inequality in Spain,” said Víctor Camino, a Socialist Party (PSOE) lawmaker. “Thousands of young people spend up to 70% of their salary on rent or mortgage payments.”

Paula de las Heras, a lawmaker from the opposition People’s Party (PP), noted that young people have been struggling for over a decade due to stagnant wages and limited savings. The upfront cost of homeownership, requiring €20,000–40,000 in initial investment, remains out of reach for many.

Political Divide Over Housing Solutions

Spain’s government, led by PSOE, is enforcing a new Housing Law that includes rent caps in high-cost areas. Camino pointed out that while rent prices have declined in Catalonia, they have continued to rise in Madrid, where local authorities have refused to implement the law.

De las Heras defended Madrid’s approach, emphasizing initiatives to expand affordable rental housing and help young buyers enter the market.

Villalobos argued that increasing public housing supply is key, calling for government investment to raise Madrid’s public housing share from 1% to 9%. He also advocated for taxing vacant homes and banning evictions without alternatives.

A Widespread Challenge Across the EU

Europe’s housing crisis is not confined to Spain—it is a structural problem affecting the entire bloc. Recognizing adequate housing as a fundamental right, the European Parliament passed a resolution in 2021 calling for stronger protections. In 2024, European Commission President Ursula von der Leyen prioritized housing policy, leading to the creation of a special committee to propose solutions by 2025.

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As policymakers seek solutions, millions of young Europeans face an uncertain future in an increasingly unaffordable market. Camino stressed the need for coordinated political action, warning against a society divided between wealthy property owners and struggling tenants.

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US Conducts Strike on Alleged Drug-Smuggling Facility, Marks Escalation in Operations

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US President Donald Trump said Monday that the United States conducted a strike on a shore facility used for loading boats with drugs, marking an escalation beyond previous operations targeting vessels in international waters. The president declined to specify the location or which agency carried out the strike.

“There was a major explosion in the dock area where they load the boats up with drugs,” Trump said while meeting Israeli Prime Minister Benjamin Netanyahu in Florida. “They load the boats up with drugs, so we hit all the boats and now we hit the area. It’s the implementation area. There’s where they implement. And that is no longer around.”

Trump offered few details about the strike, including whether it was conducted by the US military or the CIA. “I know exactly who it was, but I don’t want to say who it was. But you know it was along the shore,” he added.

The operation represents a shift in Trump administration tactics, which have previously focused on striking suspected drug-smuggling boats in international waters of the Caribbean and eastern Pacific. According to administration figures, at least 107 people have been killed across 30 strikes since early September. On Monday, the US conducted another strike against an alleged narcoboat in the eastern Pacific, resulting in two fatalities.

Trump initially referenced the strike during a call with WABC radio host John Catsimatidis on Friday. “I don’t know if you read or saw, they have a big plant or a big facility where they send the, you know, where the ships come from,” he said. “Two nights ago, we knocked that out. So, we hit them very hard.”

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Unlike previous maritime operations, which were often announced by US Defence Secretary Pete Hegseth or military social media accounts, no formal announcement was made regarding the facility strike. The Pentagon referred questions to the White House, which did not immediately provide additional information. Venezuela’s government also declined to comment.

Trump has long indicated that US operations could move beyond boat strikes to land-based missions in South America, including Venezuela. Recent weeks have seen the deployment of US warships to the region, increased military presence, and the seizure of two oil tankers, with a third vessel pursued. The administration has characterized the campaign as part of an “armed conflict” against drug cartels to stop narcotics flowing into the United States.

Venezuelan President Nicolás Maduro has dismissed the US actions, insisting that the real aim of American operations is to pressure him from office rather than target drug trafficking.

The facility strike signals a new phase in US operations in the region, demonstrating a willingness to extend military actions onto land, raising questions about potential further escalation in South America.

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One Dead, Three Missing After Migrant Boat Sinks Off Samos

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One person has died and three remain missing after a migrant boat sank near the Greek island of Samos early Monday, Greek coast guard authorities reported. Twenty-six migrants reached the shore in the Petalides area and alerted authorities that others were still at sea.

The incident occurred during the early morning hours, prompting an immediate search and rescue operation. Coast guard vessels, a helicopter, a private boat, and ground teams joined the efforts. During the operation, the body of a woman was recovered, while crews continued searching for the three missing migrants. The nationalities of those involved have not been disclosed.

Greece has served as a major entry point for migrants and refugees into the European Union since 2015. Over one million arrivals have been recorded through Greek territory, though hundreds have died attempting the often perilous sea crossing.

Data from Frontex, the European Border and Coast Guard Agency, shows that irregular migration flows through the eastern Mediterranean fell by 30 percent in the first 11 months of 2025 compared with the same period in 2024. Around 46,200 migrants arrived in Greek waters this year. However, Frontex noted a sharp increase in activity along the Libya-Crete route, with detections rising by 272 percent year-on-year.

The sinking off Samos is part of a series of recent migrant tragedies in Greek waters. On 6 December, Greek authorities recovered 17 bodies and rescued two migrants from a vessel off Crete. Two days later, a 12-year-old boy died after being struck by a boat propeller when smugglers forced migrants to jump from a speedboat near Samos.

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A week later, another vessel carrying 31 migrants crashed into rocks off Samos. Twenty-eight people were rescued, while three remained unaccounted for.

The Eastern Mediterranean continues to be a dangerous route for migrants seeking entry into Europe. Authorities have repeatedly warned of the risks posed by overcrowded and unseaworthy vessels operated by smugglers. Local coast guard officials have emphasized the need for vigilance, particularly in areas near islands like Samos and Crete, which lie close to key migrant corridors from Turkey and Libya.

Search and rescue teams remain on alert, patrolling the waters around Samos to locate the three missing migrants and prevent further casualties.

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Flood Alert Issued in Elbląg as River Levels Surge

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Polish authorities issued a flood alert in the northeastern city of Elbląg on Saturday night after water levels in the Elbląg River surpassed the warning threshold of 590 centimetres, Mayor Michał Missan said. The rise was driven by strong northwesterly winds that pushed water from the Vistula Lagoon upstream, creating a backwater effect that increased the risk of flooding along the river.

Emergency services responded by deploying flood barriers in vulnerable areas, while hydrological gauges throughout the region continued to register levels above the warning mark. Mayor Missan said that all relevant services remained on standby and that authorities were closely monitoring the situation. Residents were urged via social media to exercise caution, though no evacuation orders were issued.

The Polish Institute of Meteorology and Water Management also issued warnings for strong winds across the region, with icy conditions expected to persist and potentially complicate emergency operations. Authorities cautioned that the situation could change rapidly, and further interventions may become necessary if weather conditions worsen.

Elbląg sits along the eponymous river between Druzno Lake and the Vistula Lagoon and is part of Żuławy Wiślane, a Vistula River delta plain. Large sections of the area are below sea level, making it particularly vulnerable to flooding. Local officials have noted that the combination of wind-driven water movement and the city’s low-lying geography can quickly elevate flood risks.

Despite the heightened alert, no major flooding was reported overnight, and residents largely remained in their homes. Authorities emphasized that continuous monitoring and the deployment of temporary barriers were crucial to managing the rising waters and preventing damage to infrastructure.

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Mayor Missan said the city’s preparedness measures were in place to respond quickly to any escalation, and he urged citizens to stay informed through official channels. Local emergency services maintained a visible presence throughout the night, checking critical points along the river and readying additional resources if needed.

The situation highlights the challenges faced by cities like Elbląg, where riverine and lagoon systems intersect, and weather patterns can rapidly influence water levels. Officials said the alert would remain in effect as long as the river levels remained high and wind conditions persisted.

Residents were reminded to avoid walking or driving near the riverbanks and to follow any guidance from municipal authorities. Authorities confirmed that contingency plans for potential evacuations were prepared, but at present, no large-scale displacement was necessary.

The flood alert serves as a precautionary measure aimed at safeguarding lives and property in an area historically prone to water-related hazards.

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