How many years of rent do the residents of Dénia have to allocate if they want to buy a house?
Buying a house in Dénia is already a luxury beyond the reach of many pockets. A simple walk through any real estate portal and most of them will not want to invest in the city. To live in it. Private prices end up forcing residents who were born here to move to other municipalities, away from home, in order to get a roof. Either that or dedicate a crazy part of their salaries to that end.
According to a study on the real estate market in Spain that has recently come to light, Dénia is one of the 25 municipalities where the most effort is required of people to buy a property. And he is not the only one from the Marina Alta to appear on the pessimistic list.
The specific object of study is the relationship between average annual household income and average house prices in the 276 most populous municipalities. In Dénia, with an average household income of €22.732, the average home price is €192.074. In other words, 8,45 years of income must be allocated to the acquisition of a house.
The relationship between the economic engine and the barriers to acquiring homes
However, it is not the worst population in the Marina Alta, although it is hard to believe. The case of Xàbia is even more critical, its neighbors having to invest 15,46 years of salary to buy a home in a municipality with an average market value of €308.014. According to the study, This places it as the second population in the state where it is more expensive for its inhabitants to buy a property.
There is a fact that stands out in the list of these municipalities and that they have highlighted, and that is that they are all towns in which the dominant economic activity is tourism. "This suggests that the prices of homes in tourist areas could be related to the family income of their populations in a different way than the rest," they stress.