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Spain Unveils Casa 47, a National Public Housing Body With 75-Year Affordable Leases

The plan now heads to the Council of Ministers for formal approval next week.

Overview

  • Rents will be capped at no more than 30% of the territory's average income, with contract conditions reviewed every 14 years.
  • Eligibility targets households earning between 2 and 7.5 times IPREM, roughly €16,800 to €63,000 annually, which the ministry estimates could cover about 60% of households.
  • The Housing Ministry will open a €100 million public purchase offer to grow the state-managed rental stock.
  • A new online portal will present available developments, detail access requirements, and accept applications.
  • Casa 47 launches with assets from other ministries and a Sareb portfolio of about 40,000 homes plus 2,400 plots, replaces Sepes, and has already tendered designs for more than 1,600 homes this year.