Housing

Spain’s real estate sector: from recovery to expansion

Spanish economy 27th July 2026

Government insists on extending rental contracts until 2028

The Council of Ministers is scheduled to approve tomorrow, Tuesday, July 28, a new royal decree-law on housing that will include the automatic extension of rental contracts until 2028 and an increase of VAT on tourist apartments to 21%. The Government is working on a royal decree agreed upon between PSOE and Sumar that will include proposals “supported by various political forces” throughout the legislature, according to the Executive itself….

In Spain, Relevant News Item 27th March 2026

11,104 social housing units built in Spain in 2025, 23% decrease

According to data published by the Ministry of Housing and Urban Agenda, only 11,104 new social housing units (VPO – Viviendas de Protección Oficial) were completed in 2025, a 22.7% decrease compared to 2024. This represents a reduction of just over 3,000 homes. Despite promises from President Sánchez—who committed to building over 180,000 homes during the 2023 elections—and despite the creation of a Ministry of Housing and a consensus among…

In Spain 16th January 2025

Housing Ministry leaves 60% of budget -€2.4 billion-unspent

In the 2023 electoral campaign, the President of the Government, Pedro Sánchez, committed to the construction of 184,000 homes, about which there has been no further news. Apparently, only 5.5% of those already built and pending sale in the so-called ‘bad bank,’ a result of the financial crisis, have been delivered. So this week he has intensified announcements with twelve measures (https://goo.su/dwcN2Cq ) that aim to alleviate a problem that…

In Spain 15th January 2025

New Government Housing Plan, with tax penalty for purchases by non-EU citizens

The Government is considering a special tax or a surcharge on the Transfer Tax to limit the acquisition of houses in Spain by non-resident non-EU foreigners, who mainly buy along the coast. Non-resident foreigners purchase 55,000 houses per year, compared to the 90,000 that are built. This is one of the most innovative measures of the housing plan that the President of the Government, Pedro Sánchez, announced on Monday in…

Rising house prices is a common phenomenon in many countries

In Spain 24th October 2023

Housing law sinks supply of flats for rent by 30% in five months

Housing for rent has largely vanished in recent months in both Catalonia and the Community of Madrid. The supply of flats for rent has plummeted since the Housing Law came into force five months ago by 35.32% in the case of the Madrid region and by 34.92% in the case of Catalonia, according to an analysis carried out by the National Federation of Real Estate Associations (FAI), which puts the…

Spanish economy 1st July 2023

Spain approves €2.5 billion loan facility for first-time house buyers

Bankinter Spain approves a new line of guarantees from the Official Credit Institute (ICO) of €2,500M to help young people under 35 years of age and families with dependent children without age limit with an individual income of up to €37,800 per year to pay the down payment on their first home. The guaranteeable loan may be up to 100% of the lower value between the assessment and the purchase…

In Spain, Spanish economy 13th June 2023

Housing sales fall by 8% in April for third consecutive month, 43,311 transactions

According to the National Statistics Institute (INE), the sale of used housing fell by 9.0% in April at a year-on-year rate, to 35,057 transactions, in what was the biggest drop in this year-on-year rate in a month since January 2021. Meanwhile, new home sales and purchases fell by 4.2% in the month analysed, to 8,354 transactions. This variable has fallen in seven of the last eight months. Overall, housing sales…

In Spain, Spanish economy, Spanish Politics 21st April 2023

New Housing Law to cap rent rises at 2% this year and 3% next

Presented in Congress by the spokespersons of EH Bildu and ERC, the agreement on the future Housing Law maintains the 2% limit for this year on rent rises, a ceiling that will be increased to 3% in 2024 to create a new reference index applicable throughout the territory before the end of next year. The CPI will therefore be eliminated as the reference index for the annual updating of rent…

Spanish economy 28th November 2021

Spain | Economic, Social And Demographic Determinants Of Housing Demand

BBVA Research | Since 1996, the number of homes in Spain has increased, as well as their size. This Observatory studies the contribution of different socio-demographic factors such as average household size, population growth and the number of dwellings per household to the demand and size per dwelling. Key points Before 2008, the decrease in the size of the households and the increase in the population explained most of the…

Four years ago no housing was being built in Spain , and now 90,000 units are being built

Interviews 24th September 2018

“Where There Is Demand There Are No Houses, So Prices Go Up”

Mari Pinardo | Neinor Homes is the first housing promotor to return to the stock market 10 years after the crisis. Its CEO, Juan Velayos, recognises that many things have improved since then: Four years ago no housing was being built, and now 90,000 units are being built”. But he admits there are deep rooted problems in the sector: “Spain is seriously bad at generating supply, we are paying far more for apartments than we could do if there were transparent criteria.”

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