This situation, presented by Jorge Galindo, director of EsadeEcPol, during a conference organized by Cajamar and the Ivie in València, highlights the difficulty of housing access and its impact on families and the economy.
Nationally, the accumulated deficit between January 2021 and December 2025 could reach 750,000 homes. Of these, 142,000 would correspond to the Valencian Community. This figure would rise to 215,000 if demand from non-residents is considered.
Alicante stands out as the second Spanish province with the largest deficit, with 34% of home purchases by non-residents in 2025, according to data from the General Council of Notaries.
Demand is supported by the creation of new households, the boom in tourist homes, and foreign investment. In Spain, tourist homes have increased by 75% between 2016 and 2024. In neighborhoods of València like Cabanyal, one in eleven homes could be for short-term rental use.
Construction supply cannot keep up: in Spain, only 0.38 homes are built for every new household created. In the Valencian Community, the ratio is even tighter, especially in Alicante (one home for every three new households).
Consequently, prices have skyrocketed. In the city of València, the price per square meter has risen by 134% in a decade. In the rental market, prices have grown by 83% in the Valencian Community between 2015 and 2023, while salaries have only increased by 22%.
Galindo argues that the solution lies in increasing supply through more construction and better urban planning. He proposes streamlining procedures, mobilizing public land, and creating a social housing rental stock, as Spain has less than 3% of social housing compared to the European average of 9%.
He also calls for more investment in transport infrastructure and considers housing a basic infrastructure. He suggests measures to favor long-term rentals, such as greater legal security for landlords and reduced judicial timelines.
"The lack of housing not only increases prices but also limits economic and social opportunities. If we want dynamic cities capable of attracting talent, we must build more housing and plan their growth better," concluded Galindo.
The conference was inaugurated by the territorial director of Cajamar in València, Jesús García, and the deputy director of Research at the Ivie, Joaquín Maudos.
