Overview

• The Spanish government has officially launched a €1.3 billion, ten-year PERTE project to modernize housing construction through industrialized methods.
• The project aims to produce 15,000 modular homes annually, scaling to 20,000 homes per year within the next decade.
• A 'City of Construction Industrialization' will be established in Valencia's Port Logistics Zone to serve as the initiative's epicenter.
• Key funding will be sourced from EU NextGenerationEU funds and new ICO financing lines, with a focus on supporting small and medium-sized enterprises.
• The construction sector has welcomed the plan, though stakeholders await detailed guidelines on funding allocation and regulatory frameworks.