This documentary research analyzes the housing shortage in Madrid, Spain, focusing specifically on the impact and vulnerability of Nicaraguan migrants during the period 2022-2023. The Spanish capital suffers from a chronic housing shortage, driven by structural factors such as population growth, drastic rent increases, real estate speculation, and a shortage of public housing. These elements have generated an unbalanced real estate market, where supply cannot meet the growing demand, critically affecting citizens with fewer resources. The consequences of exclusion are examined, including labor exploitation, limited access to decent contracts and precarious housing. The conclusion states that the combination of a tight housing market and persistent social discrimination creates a situation of high vulnerability and exclusion for the migrant population, making it difficult to access a secure roof over their heads.
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