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Vigo Moves to Buy Vacant Flats as Galicia Boosts Youth Rent Aid

Parallel local and regional moves leave unresolved questions over scale, pace, responsibility in a tight rental market.

Overview

  • Vigo’s urban planning board approved a restricted‑tender pool to purchase vacant homes for municipal social rent, funded with €2.5 million already in the city budget.
  • The city signed a four‑year agreement with the Universidade de Vigo to create a housing observatory, with each side contributing €45,000 annually to track prices, stock and uses.
  • Official data show the average rent in Vigo has reached €695 per month with 4,248 rental contracts signed from January to October, yet available supply remains scarce.
  • The Xunta will add €11.4 million to the Bono Alugueiro Mocidade using state rollover funds, enabling about 2,000 young people on the waiting list to be paid this month without a new call.
  • Regional officials say more than 3,000 public homes are already in motion toward a goal of doubling the stock, with first deliveries slated for 2026 and a €350 million housing budget, while opposition parties and Vigo’s mayor question the record.