Spain | National Housing Plan: limited scope in public supply

Summary

The new National Housing Plan 2026-2030 seeks to increase the scarce public housing supply in Spain. Despite tripling resources and safeguarding public ownership, its budget allocation is insufficient given the high rate of household creation.

Key points

• Key points:
• The construction of subsidized housing has fallen to around 13,000 units annually since 2018, which represents less than 2% of the national housing stock compared to the European average of 8%.
• With a state investment of nearly 7 billion euros, the housing stock is expected to increase by barely 33,000 units through subsidies of 85,000 euros per built home.
• The goal of mobilizing empty homes in urban centers will have a limited effect, given that most unoccupied properties are concentrated in rural areas with no imbalances between supply and demand.
• The autonomous communities will need to contribute 40% of the funds, which requires complex regional coordination for the Plan to succeed and to avoid creating inequalities.
• To attract capital and accelerate construction, it will be essential to improve legal certainty, guarantee attractive returns, and increase the availability of buildable land.

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