currently faces a deficit of 750,000 homes to meet existing demand, according to . With over 200,000 new households created annually, this housing gap is projected to reach one million by 2030 if current migratory flows continue.
Data from BBVA Research identifies , , and the Comunidad Valenciana as regions with the highest accumulated need. While the total residential park exceeds 27 million, including four million empty units, supply remains severely constrained.
The construction sector now employs fewer than 1.5 million workers, down from 2.7 million during the boom. To boost supply, Banco de España suggests increasing building heights, as urban development processes currently take between eight and fifteen years.