Balearics among the OECD regions with the highest housing costs
Not as bad as California or Dubin
Housing has become a major issue this year and will continue to be so in 2025. | Majorca Daily Bulletin reporter
Palma30/12/2024 12:22
The Balearics, Madrid and Murcia are among the OECD regions where housing costs proportionally more, although people in California, Dublin and, in particular, Jerusalem still have to spend a larger share of their income. In a report published on regional differences, the Organisation for Economic Co-operation and Development (OECD) explains that on average households have to spend around 20% of their income on housing, although this percentage can more than double in some urban areas.
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