Catalan government acquires 1,064 homes in a major expansion of public housing stock across 14 municipalities.
The Generalitat has secured a landmark deal to purchase 1,064 rental properties from InmoCaixa, representing a significant boost to Catalonia’s affordable housing supply.
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President Salvador Illa announced the €87.2 million acquisition during an event at Sabadell’s trade fair, highlighting the immediate impact this will have on housing accessibility.
Strategic Public Housing Expansion
The operation, coordinated through the Incasòl housing institute, will see properties transferred to public ownership at an average cost of €82,000 per unit. Furthermore, this strategic move ensures these homes remain permanently within the protected rental sector. “The government is making a decisive investment to immediately expand Catalonia’s public housing stock,” President Illa emphasised during the announcement.
Many of these properties were at risk of losing their social rental status, according to official statements. Consequently, this intervention secures their long-term affordability for current residents. The acquisition forms part of broader housing policy initiatives addressing Catalonia’s accommodation challenges.
Properties are distributed across 14 municipalities, with Barcelona receiving 182 units, followed by Sitges (186), Sant Just Desvern (118), and L’Hospitalet (112). Importantly, most units are already occupied, meaning tenants can remain in their homes while benefiting from enhanced rental security and controlled pricing.
Immediate Impact on Housing Stability
Territory and Housing Councillor Silvia Paneque described the policy as “agile and effective.” She noted that purchasing existing properties below new construction costs represents efficient use of public resources. Additionally, this approach avoids the lengthy timelines associated with developing new housing projects from scratch.
The transaction brings the total number of homes acquired from InmoCaixa to over 1,900 within the past year alone. This demonstrates the government’s commitment to rapidly expanding public housing through strategic partnerships. The Catalan government continues to prioritise housing accessibility through direct market intervention.
President Illa confirmed this acquisition aligns with the broader Plan 50,000 strategy, which aims for 15% of Catalonia’s residential stock to be publicly owned. Therefore, this represents a significant step toward that ambitious target while providing immediate relief to housing pressures in key urban areas.
The government’s proactive approach to public housing acquisition demonstrates a clear commitment to addressing affordability concerns. Moreover, this substantial investment in Catalonia’s housing infrastructure will have lasting benefits for communities across the region. The strategic expansion of public housing stock represents a crucial development in tackling the region’s accommodation challenges.
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