Madrid, Spain — Lorena Pacheco has hit the jackpot — she won the right in a municipal lottery to rent a two-bedroom apartment and parking spot in one of Madrid’s few social housing estates.

Only 90,000 new units are built in Spain every year while 120,000 new households are created, according to Idealista figures, leading to a housing shortage that has caused rents to soar.

"These new tenants will never have to spend more than 30 percent of their monthly income on housing," he added. But this lottery meets just one per cent of demand. - Protests - Only 90,000 new units ...

"These new tenants will never have to spend more than 30 percent of their monthly income on housing," he added. But this lottery meets just one per cent of demand. - Protests - Only 90,000 new units ...