Overview

• At a July 30 first-half earnings briefing, CEO Gonzalo Gortázar urged state, regional and local authorities to forge a rapid political agreement to expand housing supply
• He dismissed comparisons to Spain’s 2008 property bubble, insisting the issue is a chronic lack of homes rather than speculative excess
• Gortázar highlighted that ongoing economic immigration has driven demand beyond the country’s current housing stock
• He called on policymakers to depoliticize the housing debate and move beyond populist rhetoric toward practical solutions
• The CEO criticized administrative and planning hurdles that have tied up developable land and delayed new construction