The Bank of Spain warns: in 2028, one million homes will be needed
The Spanish real estate market has generated an estimated accumulated deficit of 755,000 homes since 2021.
The Spanish real estate market has accumulated a deficit of 755,000 homes since 2021, according to the Bank of Spain. This shortage could increase by 300,000 units between 2026 and 2028, with a total of 1 million homes needed by 2028 to meet demand. The bank's deputy governor, Soledad Núñez, stated that housing prices have accelerated since 2024 to levels comparable to those in 2005.
Núñez also noted that while the housing issue is a significant economic and social problem, it does not currently pose a risk to the financial system due to prudent mortgage lending criteria.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
