Pedro Sánchez reaffirms the Government's priority commitment to strengthening the right to affordable housing

The head of the Executive visits a development of 530 affordable rental homes in Malaga, accompanied by the First Vice-President of the Government of Spain and Minister for Treasury, María Jesús Montero, and the Minister for Housing and Urban Agenda, Isabel Rodríguez.

Malaga

The President of the Government of Spain, Pedro Sánchez, during his visit to the affordable rental housing development in the Teatinos-Universidad district of Malaga (Pool Moncloa/Borja Puig de la Bellacasa)

The President of the Government of Spain, Pedro Sánchez, has visited the construction of 530 affordable rental housing units being built in the Teatinos-Universidad district of Malaga. The housing is co-financed by the Government of Spain, with funds from the Recovery, Transformation and Resilience Plan and will be delivered by the end of the year.

The head of the Executive was accompanied by the First Vice-President and Minister for Treasury, María Jesús Montero, the Minister for Housing and Urban Agenda, Isabel Rodríguez, the Government Delegate in Andalusia, Pedro Fernández, and the Mayor of Málaga, Francisco de la Torre.

Pedro Sánchez's Government maintains housing as a priority commitment, as the fifth pillar of the welfare state, and this is demonstrated by the intense action it has taken over the last seven years.

The President of the Government of Spain, Pedro Sánchez, inside one of the homes in the development| Pool Moncloa/Borja Puig de la Bellacasa

The Executive has approved the first Housing Law in democratic times and has increased the housing policy budget by a factor of eight. A Reference Price Index has also been established and, where it is applied, a price reduction of 5% has been achieved.

In addition, more than 80,000 affordable rental homes have been built and 15.3 billion euros from the Recovery Plan has been invested in urban regeneration, and in the last year, subsidised housing has increased by 62%.

Among other measures, all of them with the aim of guaranteeing the right to housing, the Platform against the fraud of tourist flats has also been created; the Youth Rental Voucher, which benefits 66,000 young people, or the strategic project, the PERTE for Housing with 1.3 billion euros and aimed at promoting innovation and modernisation of the industrialised and modular construction sector to speed up construction and reduce costs.

The President of the Government of Spain, Pedro Sánchez, greets the rest of the visitors upon his arrival at the affordable rental housing development in Malaga| Pool Moncloa/Borja Puig de la Bellacasa

In addition, ICO guarantees have been put in place with 50,000 beneficiaries, and the so-called "Golden Visa", which allowed those who invested in housing in Spain to obtain a residence visa, has been terminated.

With regard to Andalusia, since 2018 the Government has transferred more than 1.27 billion euros to this community for housing and 102.6 million euros for youth rentals.

In addition, more than 11,000 new housing units have been developed and nearly 33,000 have been rehabilitated. Some 493 million euros has been committed through the State Housing Plans and 174 million euros transferred through the PIREP (Programme to Promote the Rehabilitation of Public Buildings in the Autonomous Communities and Cities).

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• Aid from the Immediate Response, Reconstruction and Relaunching Plan

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• Government of Spain
• Social
• Housing