Spain launches a “new owner”. This Thursday, the Minister of Housing, Isabel Rodríguez, presented the new public housing company which will replace Sepes as an organization responsible for managing public policies in the sector. Under the name Casa 47, the government intends to provide an effective response to the housing crisis in Spain and strengthen housing as the fifth pillar of the welfare state.
The name: House 47
In accordance with article 47 of the Spanish Constitution, The new social housing company was named Casa 47. According to the constitutional text: “All Spaniards have the right to enjoy decent and adequate housing. Public authorities will promote the necessary conditions and establish relevant regulations to make this right effective, regulating the use of land in accordance with the general interest to prevent speculation. »
With this initiative, the Government seeks to realize this right and guarantee fairer access to housing. “Every day we must remember that this is not an option, fulfilling this right is a constitutional mandate”, The Minister of Housing, Isabel Rodríguez, recalled that she also added that with the launch of this entity, the government “contributes, 47 years later, to the improvement of the welfare state.”
What’s changing with Casa 47?
Beyond its new name, Casa 47 represents the transformation of the former entity in charge of managing public real estate, Sepes, created in 1981 to manage urban land. The main novelty of this restructuring concerns financial accessibility: The entire public stock intended for social rental will be managed by a single organization, which will support throughout the process – from the construction of housing to the handing over of the keys – those who meet the conditions for access.
Furthermore, Rodriguez argued that will launch a public purchase offer of 100 million euros to increase the social housing stock in Spain and assured that the ministry had “found the legal mechanisms so that everything built by the public housing body is public forever” with the aim of preventing the investment of money, land or public resources in a national park end up being less private.
How will Casa 47 work?
The housing offered by Casa 47 will operate under a stable, long-term public rental model, designed to provide security and affordability for its tenants. The new public company will allow contracts with a maximum duration of 75 years: these contracts will be structured over an initial period of 14 yearsfollowed by automatic extensions every seven years, provided tenants maintain most access conditions established by the Ministry of Housing. This system will apply both to future tenants and to those who have already received the keys to some of these accommodations – such as certain territories concerned by Dana de Valencia.
The operation and management of this entire park will be centralized in a digital portal, in which You can consult the available promotions, access conditions, economic conditions and the housing request can be formalized. It will also be the channel for managing renewals and procedures associated with long-term contracts.
What will the rental prices be?
The main objective of the ministry is to make rents truly affordable. To do this, Casa 47 will set prices so that they do not exceed 30% of the tenants’ salary, the threshold set by the national housing law to consider rental in affordable conditions. The calculation It will be based on the average salary in each territory, thus adjusting income to local economic reality. As an example, Minister Isabel Rodríguez highlighted that in Malaga, monthly payments will probably be between 680 and 690 euros.
“In other places where this tension has not yet been reached, we will work with other corrective criteria, such as not exceeding current prices,” explained Rodríguez, who mentioned the houses that Sareb owned in Olivenza, Badajoz, and where, with an average income of 25,000 euros per year, the rents will cost around 400 euros.
Who will have access to these accommodations?
The Ministry of Housing has already established the economic profile of those who will be able to access affordable rental housing at Casa 47. The central condition will be income: Candidates must receive income between 2 and 7.5 times the IPREM, the value of which in 2025 remains at 600 euros per month. This places the range between 16,800 and 63,000 euros per year. However, to the first economic filter will be added others of a heritage nature, which the ministry has not specified.
With this, Housing maintains that this model will make it possible to reach “up to 60% of the population” having difficulty accessing the free market. In addition, for those who have income Below 16,800 euros per year, the department recalls that “they are supported thanks to social housing”. And, at the opposite extreme, he believes that the highest incomes are excluded from the program because “it is understood that they should not have problems accessing the free market”.
The ministry insists on the fact that the width of the band responds to a problem of access to housing which it describes as “transversal”, particularly pronounced among young people and the working classes. The formula chosen to set prices is based on a basic principle: that rents do not exceed 30% of the average income of tenantsa limit taken as a reference to guarantee sustainable payments.
How many housing units does the new entity have?
The public park that Casa 47 will manage is based on a combination of already built homes and new developments currently under development. Until now, The State has 45,000 housing units for rent, the only modality that the new public company will offer.
On this basis More than 2,400 square meters of land are added, on which the construction of 55,000 additional housing units is planned. under an affordable lease. Land and housing from other ministries – Treasury, Defense or Interior – will also be added to this stock to strengthen public provision.
In addition to the heritage already available, Casa 47 is unlock urbanization projects with a direct impact on cities such as Seville, Ibiza or Valencia, and plans to promote others in Malaga and Madrid as soon as municipal approval is obtained. These developments will significantly increase the supply of affordable housing in particularly stressed areas.
To further accelerate the growth of the stock, the Ministry of Housing will launch a public purchase offer of 100 million euros, aimed at integrating new housing. In this commitment to expand the public park, the government It will also explore the purchase of housing from individuals as a new avenue, a formula which until now was not part of the usual pattern of national housing policy.
Where are the Casa 47 houses located?
Even if there is no detailed public distribution of the location of the 40,000 housing units inherited from Sareb, certain territorial data are known: Catalonia concentrates a quarter, with some 14,000 housing units; in the Madrid capital there are around 1,300; The Valencian Community has around 3,500 and Andalusia around 4,500.
When will they be available?
The Casa 47 project will make an operational leap during the first quarter of 2026, when the Ministry will activate the online portal consultation which will centralize all information on affordable housing. On this platform, you can consult the promotions available, the specific requirements of each accommodation and take the necessary steps to request rental.
The intention of Isabel Rodríguez’s department is that the user experience is similar to that of real estate portals such as Idealista or Fotocasa, with intuitive navigation and Immediate access to essential data for future tenants.
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