Spain's Housing Promises Keep Growing as Deliveries Lag Behind

Pedro Sánchez's government has rolled out one announcement after another on public and affordable housing since 2018, with targets rising from 20,000 to 184,000 homes. Actual delivery, however, stands at around 10,000 protected homes handed over per year.

## From Ábalos's 20,000 to 184,000 on the campaign trail

In 2018, then Transport Minister José Luis Ábalos announced the construction of **20,000 homes** within four to six years. Three years later, in 2021, Pedro Sánchez raised the overall target to **100,000 units** and presented the first drafts of what would become Spain's Housing Law. Within that affordable rental plan, a partial short-term target of 24,000 properties was set.

The figure soared in 2023, in the middle of the election campaign. The government consolidated a commitment to **184,000 homes** through a string of announcements made in just a few months. Of these, 50,000 would come from Sareb, 43,000 would be financed with ICO loans worth 4,000 million euros, and 20,000 would be built on land owned by the Ministry of Defence.

## The España Crece fund and the 2026-2030 State Plan

In February 2026 came the announcement of the public-private **España Crece** fund, with **23,000 million euros** mobilised and a promise to finance 15,000 homes a year on a steady basis. The idea was to add private capital to public investment to sustain that pace of construction year after year.

Two months later, in April 2026, the Council of Ministers approved the **2026-2030 State Plan**, backed by 7,000 million euros. The stated aim was to safeguard and permanently expand the stock of protected housing, giving continuity to previous plans with multi-year funding.

## Promised versus delivered

The government maintains that more than **120,000 homes** have been "mobilised", a figure that includes properties at various stages of processing, land purchases or agreements. Actual delivery figures, however, bring the number of finished protected homes actually handed over to citizens down to an average of around **10,000 a year** in recent years.

Political opposition and various real estate sector analyses continually contrast the volume of promised properties with official delivery figures. Media outlets such as Antena 3, Libertad Digital, El Español, El Debate and El Economista have tracked the evolution of these commitments throughout the term. Before drawing conclusions about the public housing stock, it is worth checking the official data from each autonomous community and seeking advice from independent sources.