To eliminate the deficit of 750,000 homes estimated by the Bank of Spain requires an investment equivalent to 11% of GDP
Madrid and Barcelona account for 42% of the 189.680 billion, in private and public capital, that it would cost to build the missing homes.
The construction of 750,000 homes, as estimated by the Banco de España, is expected to require significant resources. According to Atlas Real Estate Analytics, the cost would range from 189,680 million euros to 236,000 million euros. This represents 11.2% to 14% of Spain's projected 2025 GDP. The estimates are based on land and construction prices by province.
Written by urgent.news from El Pais's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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