Spain Faces 755,000-Home Deficit; 1M New Units Needed by 2028

Spain's housing market has accumulated a deficit of 755,000 homes since 2021, with a bank warning that 1 million new units will be needed by 2028 to meet demand. The shortfall reflects underbuilding relative to household formation and could pressure housing affordability and construction activity. The estimate is based on bank analysis, and the actual supply response remains uncertain.