The Bank of Spain raises the housing deficit to one million by 2028
The Deputy Governor of the body, Soledad Núñez, anticipates that in the next two years, 300,000 more homes will be needed than calculated so far to face the crisis.
The housing shortage in Spain has triggered a housing crisis. The Bank of Spain estimates a deficit of over 700,000 homes, but this figure may rise to 1 million in the next two years if the situation doesn't change, according to Soledad Núñez, the institution's deputy governor. The increase in migration and new households is putting pressure on a market where prices are rising. The housing market is still recovering from the burst of the real estate bubble.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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