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Spain’s Property Developers Will Build More Than Half a Million New Homes by 2025

Madrid and Barcelona will account for more than a third of the future residential projects in Spain, and although the build-to-rent segment is growing, it will account for just 10% of the supply, according to E&Y.

Obreros de Pryconsa en una obra en construccion 1024x684 1 1

The uncertainty generated by the pandemic has not prevented developers from continuing to push ahead with a volume of new build developments that will exceed half a million homes by 2025, including properties for sale and rent.

Specifically, 504,000 units are planned, of which 5.4% will be for rent, according to a report prepared by the professional services firm EY. The report also certifies that investment in the residential sector is still very popular in Spain.

Read the full article in Spanish.

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