National Housing Projects in Spain: 57 New Developments Worth €1.4 Billion Underway

The Spanish government is currently studying 57 housing projects with a total investment of €1.4 billion.

These projects are part of a larger €4 billion initiative to build nearly 17,000 new homes across Spain. 

The funding will come from the ICO (Official Credit Institute) through loans and guarantees to both public and private developers.

Isabel Rodríguez, the Minister of Housing and Urban Agenda of Spain, spoke at the 4th National Housing Congress in Málaga. 

She stressed the importance of solving Spain's housing crisis, which affects half the population. Her aim is to ensure that no family spends more than 30% of their income on housing. 

To achieve this, the government has launched several programmes to build and renovate public and private housing to make homes more affordable for Spanish families.

In July, the Spanish government officially launched a programme of ICO loans and guarantees to support the construction of affordable housing. 

These loans total €6 billion and 57 projects worth €1.4 billion are already under appraisal. These projects could create nearly 17,000 new homes across the country, providing affordable rental options for Spanish citizens.

Rodríguez urged all political groups to support the housing bill, which aims to provide affordable homes and ease the housing crisis. She stressed the need for cooperation between the government and private developers to build more homes efficiently.

In Málaga alone, the government has invested more than €140 million since 2018 to build and renovate nearly 5,000 homes, of which more than 3,000 are new constructions.

Press release and source: Ministry of Transport, Mobility, and Urban Agenda of Spain (Ministerio de Transportes, Movilidad y Agenda Urbana)