Spain’s central bank, the Banco de España, is forecasting a deficit of more than one million homes by 2028, as new construction continues to fall short of rising demand. This structural supply gap is expected to keep pressure on property prices across the country, including popular coastal regions such as the Costa Blanca. For international buyers already considering a purchase in Spain, this outlook underlines the importance of acting sooner rather than later. The persistent shortage signals that competition for available properties is unlikely to ease in the near future. The central bank’s report calls for substantial and sustained investment in residential construction to address the imbalance.

Source: idealista/news

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