‘A vicious circle’: how the roof blew off Spain’s housing crisis

Rents spiral and neighbourhoods lose charm as cities report tourist flat boom and surge in housing speculation

Ciutat Vella, the old city of Barcelona, was once quirky and mysterious.

Now it has become a parody of itself, a place from which the local population has been exiled in the interests of tourism and maturing investments. Doorways have sprouted combination key safes, a telltale sign of an apartment given over to tourist lets. A 100-year-old apothecary and shirtmaker that stood on La Rambla for two centuries have been replaced by shops selling flamenco dolls and ceramic bulls.

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