The promoters are large producers of affordable housing in Spain, well above public administrations. Between 1976 and 2022, private sector built 3.27 million flats with some form of public protection85% of the total launched, according to the ‘Housing problem has a solution’ report by the Real Estate Developers Association of Madrid (Asprima).
“It should be emphasized that these more than three million homes did not cease to be public housing, but in fact never belonged to the Administration,” the study said. In just the last five years, between 2018 and 2022, private enterprise promoted 32,572 properties, while public sector promoted 7,060 properties 3.6 times more.
From the employers association of promoters, to meet the current demand, Spain needs to “recover affordable housing production levels of over 75,000 homes per year”. Asprima demands a “National Housing Pact” from governments to create a long-term policy that guarantees middle-class access to housing, advances the age of emancipation and increases the birth rate.
As it does not produce bubble protective casing
After the housing bubble burst, affordable housing production contracted sharply. In 2013, 53,000 properties were handed over with some form of public protection. On the contrary, Between 2014 and 2022, only 8,300 units were released per year on average..
“Of course, the completion of 9,221 subsidized homes, which is the 2022 closing figure, has nothing to do with the average of 79,000 homes per year available to our youth between 1980 and 2010. These figures have made housing accessible. For the majority of the population, the Asprima report says, at prices below free housing.”
Madrid as a fortress for affordable housing
Madrid It has land under development to build 270,000 residences.. “In recent years, it has been possible to maintain or retain land development investments in the capital,” said Carolina Roca, president of Asprima, during the presentation of the report to the media.
70,000 of these 270,000 units can be loaded in the short and medium term. 50%, 35,000 will have some public protectionwith the maximum price. “The sale or rental price of 35,000 flats will be somewhat capped without the need for enforcement of the Housing Act. Asprima’s commitment is that we will put these homes on the market, but a framework of action is required in terms of land legal, which encourages the rapid development and updating of maximum sale prices financial, financial and workforce framework”, Roca development.
According to data from the Community of Madrid, in the last 3 years “14,000 subsidized houses have been built in the area by private initiatives, 56% of all these were developed in Spain“.
Administrations do not allocate budget for housing
The General State Budget includes an item of 992 million euros for housing policy.. “The resources that central governments dedicate to housing with different markings deserve deep consideration because, although they have experienced ups and downs, they have not become sufficiently representative to provide a solution to a problem that has so impacted our society,” the Asprima study claims.