Is now a good time to invest in property in Andalucia?

18th September 2024
Home > News > Is now a good time to invest in property in Andalucia?

The current housing shortage is estimated at around 90,000 units

Andalusia will have a new Housing Law in 2025. This was announced by Juanma Moreno, president of Junta de Andalucia.

The new regulations aim to create more affordable land, increase the supply of residential properties on the market, introduce 20,000 protected housing units to the rental market over the next five years, and implement subsidies and assistance in areas with limited access. Furthermore, these measures will be coordinated with professional associations.

During his speech, the president of the autonomous government emphasized the need for the administration to "make every effort to reduce the imbalance between housing supply and demand." He noted that this gap has widened in recent years due to population growth and the stagnation of new construction.

In the case of Andalusia, the current housing shortage is estimated at around 90,000 units, according to the Bank of Spain. This figure is expected to rise, as the region’s population grows by approximately 25,000 people each year. In fact, projections indicate a population increase of 700,000 by 2040, with more than half of this growth concentrated in the province of Málaga.

The president also underscored the importance of the housing sector to Andalusia’s economy. "We must speak with great respect about the housing sector," he said. "It generates significant economic activity and supports around 250,000 jobs in Andalusia alone, all within an increasingly digitized environment." He added that the sector is not only focused on building more but also building better.


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