The construction of new homes for residential use will increase this year by 15% compared to 2016 and 50% compared to the new work started in 2015. According to the General Director of Housing of the Ministry of Public Works, Antonio Aguilar, at the close of the present The construction of 75,000 homes will have begun. For Aguilar, in charge of the opening of the 'The new housing industry' organized by Expansión y Su Vivienda, "in Spain, there is a moment of euphoria" within the construction sector, which this year is contributing to the Product Gross Domestic Product (GDP) 4.83%, well above the 3.04% contributed in 2016.
Although Aguilar has valued positively the construction of the new building, which this year will grow by 15%, has also advocated the rehabilitation of old homes. After the investment "has abandoned the center of the city somewhat, we must re-defend the model of the Mediterranean city.
Aguilar also defended the rental market in Spain, which still has 22.2% of housing, something less than 30% on average in the European Union.
To promote housing leases, the public body will put into operation an aid program for the developers who develop the construction of houses intended for rent "from private initiative".
In addition, within this same promotion program for housing, support will be given to the promoters that promote the purchase of a first home for young people and also for the help of the elderly. Aguilar also recalled that the Ministry of Development is working with its counterpart in Justice to eliminate the legal insecurity that supposes the total abolition of the general housing plans of each municipality after having initiated investments or contracted contracts.