In 2025, Spain is betting on radical change in its housing policy. The government is launching Casa 47—a new structure set to become a key player in the social housing market. For the first time, the construction, allocation, and rental oversight will be managed under one roof. The new company will not only build homes but also distribute keys to those who meet the established criteria.
The Ministry of Housing has announced a large-scale purchase of properties worth 100 million euros. The aim is to expand the public housing stock and ensure that budget-funded apartments do not end up in private hands. All properties built by Casa 47 will remain state-owned permanently.
Long-term rental
The main feature of the program is the record-long rental contracts. Agreements are signed for 14 years with an option for automatic renewal for another 7 years—repeating up to 75 years, provided the tenant continues to meet the requirements. This approach allows families and single individuals to plan decades ahead without the fear of sudden eviction.
Rental costs will be calculated individually for each region. Authorities promise that monthly payments will not exceed 30% of a tenant’s income, based on the average salary in the area. For example, in Malaga, rent will be about 680–690 euros, while in smaller towns like Olivenza (Badajoz), it will be around 400 euros per month.
Selection criteria
To be eligible for housing, applicants must meet several criteria. First and foremost, the family or individual income must fall between 2 and 7.5 times the IPREM index—equivalent to approximately €16,800 to €63,000 per year, according to 2025 projections. There are also plans to introduce additional asset-based filters to exclude those who already have significant wealth.
The final list of requirements will be published closer to the launch of the online portal, which will open for applications in early 2026. Through this site, users will be able to view available properties, check eligibility, and submit documents to participate in the program.
Geography and scale
Casa 47 is launching with an impressive portfolio: the company will manage more than 40,000 existing apartments, along with land plots transferred from other ministries and banks. An additional 55,000 new units are planned for construction in the coming years. There is also a tender for the acquisition of 1,600 apartments across the country.
The largest number of properties will be available in Cataluña—14,000 units, in Andalucía—4,500, in Comunitat Valenciana—3,500, and in Madrid—1,300 apartments. Authorities believe this scale will help Spain move closer to European standards in the provision of public housing.
New standards
Unlike previous programs where state-owned apartments could eventually be privatized, Casa 47 guarantees that all properties will remain under national ownership. This aims to prevent speculation and provide long-term stability for tenants.
All information about new projects, participation requirements, and the application process will be centralized on a single online portal. The new platform is expected to make access to information easier and ensure maximum transparency for all applicants.
In case you didn’t know, Casa 47 is a state-owned company established in 2025 to manage Spain’s public housing stock. The name refers to Article 47 of the Constitution, which guarantees the right to decent housing. Casa 47 replaced Sepes and consolidated all government-run rental projects under one umbrella. In the coming years, Casa 47 plans to become the nation’s largest social housing operator, offering long-term contracts and fixed prices to thousands of families across Spain.
