The deficit of new construction homes in the Region of Murcia is a reality that the Bank of Spain estimates at nearly 30,000 residences, according to data collected in the 2023 yearbook that was published a few days ago by the financial institution. This report includes a comparison between the creation of new homes and completed residences in Spain in an analysis that is detailed by community. In the entire regional territory, a net creation of 19,880 homes is computed between the years 2022 and 2023, while in said period the completed properties were only 4,950. A difference that represents a deficit of 14,930 units. Likewise, the Bank of Spain's estimate of household formation for the current year and 2025 stands at 18,960, compared to a housing construction forecast of 4,690, which translates into another shortfall of 14,280.

The sum of both gaps shows a negative balance accumulated in recent years – and until 2025 – that amounts to a total of 29,210 homes that would be needed in the Region to guarantee the population's access to this essential good whose supply is in short supply. However, it should be noted that there are a large number of empty houses that are not included in this analysis and could make up for the lack of new construction, whose data reflects a situation that becomes entrenched over time and represents a “problem” that professionals in the sector have already warned repeatedly and that, 'a priori', it does not seem to have an easy solution in the short term.

“Demand is growing faster than supply and the tension in the real estate market is increasing,” the developers highlight.

«In Spain we have a housing shortage problem that is getting worse and more evident with each passing day. The enormous difficulties we face in generating new construction are the origin of the problems we are and will continue to suffer,” highlights José Ramón Blázquez, president of the Association of Real Estate Developers of the Region of Murcia (Apirm). «The generation of homes in our cities is greater than the new construction that enters the market, which means that demand grows faster than supply and real estate tension increases, with effects that are also transferred to used housing and rentals. ».

Impact on prices

In the analysis of the current situation carried out by the employers' association, they point out the lack of land to develop as one of the main reasons behind the large deficit of residences and the consequent increase in sales prices. «This shortage is aggravated by the difficulty of building affordable housing, which the majority of the population can afford. The lack of urbanized land, motivated by a worrying legislative and administrative hypertrophy that affects the processing and approvals of general urban planning plans, which translates into manifest legal insecurity.

Background reason to which Blázquez adds “the rise in construction costs and very high taxes” in housing as reasons that cause a complicated scenario to which is also added “the rapid rise that interest rates have experienced in the last two years and high inflation. A combination of factors that makes real estate developers assure that “we are very far from covering the existing housing need.” And he points out that, if the current situation is not reversed, “the problem will worsen every year because the number of applicants grows much more than the supply.”

In this sense, the employers' association highlights that “this is not a simple problem to solve because it is multifactorial and the solution implies that all administrations – both central, regional and local – must be involved to take measures in very specific areas.” diverse.

“There are no magic solutions”

According to the president of the Murcian developers, “it is important to be aware that the housing problem is not going to be resolved quickly or with magical solutions, as is sometimes sold by the State. We are going to need several years and work hard to increase the much-needed supply, since the housing measures need time to bear fruit.

Along the same lines, Blázquez emphasizes that “we must work to reduce the access barriers that many groups have, especially young people and the most disadvantaged classes.” For which he proposes “taking measures that, in his opinion, could give results in the short and medium term.” Initiatives among which he lists “the reduction of the high taxes that burden the purchase of a house – approximately 26% of the total price -, the recovery of aid for the purchase of officially protected housing and the improvement of measures to help “for young people” to take the step of becoming owners, as well as for financial entities to provide “facilities for financing the financial item corresponding to the entry” when it comes to first homes.

Blazquez; “We must work to reduce the access barriers that many groups have, especially young people”

The representative of the real estate developers also focuses on the importance of increasing the total regional housing stock to respond to the demand of the foreign public and potential buyers of second homes. “If we want to turn the Region of Murcia into a tourist destination, we must increase the real estate offer.”

  1. Builders and environmentalists clash with the reform of the land law being processed by the Government

Ecologists in Action describes as “bad news” the reform of the Land and Urban Rehabilitation law, which is in the process and could see the light of day during this legislature. A rule with which the Ministry of Housing and Urban Agenda aims to “provide urban planning with stability and legal security”, as well as “prevent formal errors that can be corrected from leading to the total nullity of territorial planning instruments.” ».

From the conservation association they assure that “with the current legislation it was already complicated and expensive for social organizations to fight against urban abuses and this reform represents another twist, making it even more difficult to exercise that social counterweight against economic and political power. », according to Pedro Luengo, spokesperson for Ecologists in Action in the Region of Murcia.

In this sense, Luengo criticizes that “the modification, in the terms proposed, seems to be drafted more to defend the interests of some promoters, speculators and politicians than to protect the general interest of citizens.”

Regarding the general urban planning plans of the municipalities of the Region, the spokesperson for Ecologistas en Acción emphasizes that “they have always been approved and modified to increase urbanization, up to more than 50% of the municipality's land in many cases. With the current law, almost everything can be urbanized, only what is strictly protected is not developable, although even in some of those cases there is also the possibility of urbanizing.

To which he added that “in a context of climate and ecological crisis, we not only need to maintain the guarantee of environmental protection through popular action by social organizations, but we should expand and facilitate it. But in no case reduce or suppress it, as intended.

Assessment totally contrary to that made by the Association of Real Estate Developers of the Region of Murcia, whose president considers that the reform of the law “will prevent projects from suffering disproportionate cancellations, let's finish the land procedures that are underway and we can start “to solve the serious problem of urbanized land that we suffer, increasing the much-needed housing stock.”

According to José Ramón Blázquez, “this law seeks to establish different levels of protection to prevent disproportionate cancellations due to possible errors.” To which he added that “it is important to approve this rule because the housing problem is suffocating us as a society.

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