Raquel Sánchez, the Minister of Transport, Mobility and Urban Agenda, spoke at a news conference in Moncloa yesterday to relay Prime Minister Pedro Sánchez’s weekend commitment to improving access to mortgages. She indicated that the agreement between the ministry and the ICO could be formalized by the cabinet “as soon as possible,” highlighting the government’s intent to move quickly on this support mechanism.
“It is a very good measure that cannot be read in isolation from the other steps we have taken,” Sánchez noted. She emphasized that it reflects a real option for many households, especially in a country where home ownership remains a central goal for families and younger adults. In responding to criticisms from government partners Unidas Podemos and Social Rights Minister Ione Belarra, she defended the housing initiative as part of a broader package, not something detached from the overall policy framework, and she positioned it as aligned with the preferences of a broad segment of voters who see housing as fundamental.
PSOE denies that its one-sided statements weakened Podemos and criticizes its “against everything” campaign
Despite the public scrutiny from coalition partners, the government intends to push the approval of these credit lines to the Council of Ministers. The aim is to reach around 50,000 people who could benefit from the guarantee-backed lending, with eligibility open to anyone who meets the stated requirements. Although the full details remain to be finalized, current information indicates the program targets younger adults under 35 with annual incomes below 37,800 euros and households with dependent children, aiming to ease the path to home purchase in the current market environment.
The Minister for Transport, Mobility and Urban Agenda also hinted that additional affordable housing measures related to rental housing, announced by the Prime Minister in recent weeks, are likely to receive approval in the near term. This reflects a broader strategy to stabilize housing costs and expand access to secure, long-term housing options for families and individuals across the country.
Specifically, the cabinet is expected to authorize a proposed agreement between the Ministry of Defense and the Ministry of Defense for the State Land Authority (Sepes) to acquire land from the Housing, Infrastructure and Equipment Defense Institute (Invied). The objective of this transfer is to enable the construction of up to 20,000 homes, overwhelming the current supply constraints and offering a tangible path to increased residential stock that can satisfy both market demand and social housing needs.