# Spain faces deficit of 750,000 homes 22 October 2026 at 16:11 > Banco de España warns the housing gap could reach one million by 2030 as annual household creation outpaces current construction rates. **Spain** currently faces a deficit of 750,000 homes to meet existing demand, according to **Banco de España**. 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 **Murcia**, **Canarias**, 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. [#SpainHousing]() [#RealEstate]() #BancoDeEspaña [#HousingMarket]() #PropertyDevelopment ## Related news ## [Calvià becomes Spain's most expensive municipality]() 21 October 2026 at 20:33 ## [CIS Barometer: 80% of Spaniards concerned by housing]() 8 October 2026 at 13:06 ## [Spain probes real estate portal over rental ads]() 7 October 2026 at 09:43 ## [Spain's housing supply hits critical shortage]() 5 October 2026 at 08:25 ## [Spain faces one million home deficit by 2028]() 24 September 2026 at 17:50