Bilbao

Country

Population

345,122

Renting

3 Things...

1. Culinary Scene: Bilbao is known for its vibrant culinary scene, particularly its pintxos (small snacks typically served on a skewer) which are a staple of Basque cuisine. The city boasts numerous bars and restaurants where locals and visitors can enjoy these delicacies. 2. Cultural Heritage: The city is home to the Guggenheim Museum, a modern architectural marvel designed by Frank Gehry. Opened in 1997, the museum has transformed the city into a cultural hub, attracting art lovers and tourists from around the world. 3. Green Spaces: Bilbao is often referred to as a "green city" due to its many parks and green spaces. The city is surrounded by lush hills and mountains, providing residents with easy access to nature and numerous outdoor recreational activities, including hiking and biking.

Events

#ImpactWeek

Unlisted Orgs

Population (AI)

345,141

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Last edited

Sep 30, 2024 6:49 PM

Category

Local programs

Housing Market

The housing market in Bilbao, Spain, is characterized by a significant shortage of affordable apartments, leading to a housing crisis. The city faces challenges such as high rental costs and a limited supply of decent flats at reasonable prices. This situation is exacerbated by the prevalence of short-term rentals on platforms like Airbnb, which reduces the availability of long-term rental options. In Bilbao, the rental market is strained, with many people struggling to find affordable housing. The city is one of the most expensive in Spain, making it difficult for residents to secure long-term rentals. The local government and charitable organizations are working to address this issue by promoting the construction of affordable housing units and implementing regulations to limit short-term rentals. Efforts to support and build affordable housing include initiatives by the Spanish government to boost public housing supply and align it with European standards. Additionally, charitable organizations are leveraging private investments to offer rental accommodations at below-market prices, contributing to environmental, social, and governance objectives.

Further Actors?

Cooperatives

In Bilbao, housing cooperatives play a significant role in addressing housing challenges and promoting sustainable, community-driven housing solutions. The city supports cooperative housing through various initiatives, such as the Bilbao-Bolueta urban regeneration project, which repurposes industrial land for high-standard, low-energy housing. This project includes 1100 new homes, with 608 designated as social public housing, meeting the needs of vulnerable groups and enhancing social cohesion. The city also fosters cooperative housing through public-private partnerships, such as the Zorrotzaurre redevelopment project. This project involves stakeholders like the Regional Basque Government, Bilbao City Council, and private entities, ensuring that residents are involved in the design and development process. While specific market share data for housing cooperatives in Bilbao is not provided, the city's efforts to promote cooperative housing are evident through these projects. New housing cooperatives have emerged in recent years, contributing to the city's housing stock and promoting community-driven, sustainable living practices.