The imbalance between residential demand and effective supply remains a structural challenge. According to the report Evolution of housing production in Spain, prepared by the Spanish Association of Real Estate Consulting (ACI), the gap reached 2,594 units last year, with 6,332 homes completed compared to 8,926 new households registered.
The analysis highlights that over the last five years, 55,494 households have been created compared to 29,389 homes built. This gap positions Malaga as the Andalusian province with the largest accumulated deficit, accounting for 22% of the regional total, ahead of other provinces such as Almeria, Granada, Seville, or Cadiz.
The scarcity of social housing is another critical point highlighted by the study. Over the last five years, only 1.7% of the 189,391 real estate transactions in the province involved VPO (protected housing) properties. Additionally, the market shows a clear dominance of used housing, with a ratio of six second-hand transactions for every one new construction.
Looking ahead, demographic projections point to further fragmentation of family units. It is estimated that by 2039, the number of households will exceed 35,000, with a downward trend in the number of people per household, which will increase pressure on the existing residential stock.
