Melilla · report
Affordability in Melilla
At the average appraised value, a 90 m² home costs €194,805. With 10% down and a 30-year mortgage, the payment is €743 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 25%
- Payment, one income
- 50%
Try your own numbers
Starting from the average appraised value of €2,165/m² in Melilla, a median income of €17,850 a year per consumption unit (2024, Melilla) and a mortgage rate of 3.0% (August 2026).
The payment takes 25% of income. Spain sets no limit on it.
- Home price
- €194,805
- Monthly payment
- €739
- Share of net income
- 25%
The mortgage payment as a share of income, year by year
A 90 m² home with 10% down over 30 years, at each year's average price and rate, against one and against two of that year's median incomes.
- Two median incomes
- One median income
Show the numbers
| Period | Two median incomes | One median income |
|---|---|---|
| 2024 | 23.0% | 45.9% |
| 2023 | 24.2% | 48.4% |
| 2022 | 20.6% | 41.3% |
| 2021 | 18.6% | 37.2% |
| 2020 | 21.0% | 42.1% |
| 2019 | 21.9% | 43.8% |
| 2018 | 22.8% | 45.5% |
| 2017 | 22.1% | 44.3% |
| 2016 | 22.1% | 44.2% |
| 2015 | 23.5% | 47.0% |
Spain against the EU
Share of people spending over 40% of their disposable income on housing, then the rest of Eurostat's survey of living conditions. These are national figures, shown here as context.
- Spain
- EU
Show the numbers
| Year | Spain | EU |
|---|---|---|
| 2025 | 7.2% | 7.7% |
| 2024 | 7.8% | 8.2% |
| 2023 | 8.2% | 8.8% |
| 2022 | 9.2% | 8.7% |
| 2021 | 9.9% | 8.7% |
| 2020 | 8.2% | 7.8% |
| 2019 | 8.5% | 9.4% |
| 2018 | 8.9% | 9.6% |
| 2017 | 9.8% | 10.1% |
| 2016 | 10.2% | 10.9% |
| 2015 | 10.3% | 11.2% |
| 2014 | 10.9% | 11.5% |
| 2013 | 10.3% | 11.6% |
| 2012 | 10.7% | 11.5% |
| 2011 | 10.0% | 10.6% |
| 2010 | 9.7% | 10.0% |
| Share of people who | Spain | EU |
|---|---|---|
| Spend over 40% of income on housing | 6.3% | 7.7% |
| … nationals (adults) | 4.4% | 7.1% |
| … citizens of another EU country (adults) | 17.1% | 15.2% |
| … non-EU citizens (adults) | 38.0% | 18.1% |
| Live in an overcrowded home | 12.7% | 16.8% |
| Own their home outright | 39.7% | 43.7% |
| Own with a mortgage | 31.5% | 24.8% |
| Rent at market price | 16.3% | 20.8% |
| Rent at a reduced price or free | 12.5% | 10.7% |
Income is INE's median income per consumption unit, from tax records: a household's net income divided by its consumption units, so one income is a single adult's. Spain sets no limit on the payment as a share of income: the Banco de España has the power to set one and has not used it, and the law requires lenders to assess solvency instead.
Other reports for Melilla
Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.
- Rent per month
- €794
- Owning per month
- €689
Figures for Spain: Melilla has no reliable figures of its own.
42.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 146,376
Buyers living abroad bought 0.8% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 0.8%
Appraised values have fallen by 3% or more 3 times since 2013. The deepest began in Q2 2014.
- Deepest fall
- −5.2%
- Recovery from the low
- 30 months
10.0% of the 29,347 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 10.0%
- Empty homes
- 2,946