Business · Companies · 15 hrs ago
CaixaBank CEO says Spain needs more homes, not more mortgage funding
CaixaBank chief executive Gonzalo Gortázar says Spain needs more homes, not more mortgage funding.
The shortage is growing because more households are forming each year than homes are being completed.
The Bank of Spain estimates a shortfall of one million homes, which cannot be built in a year.
Gortázar says building must speed up, with easier access to land, more industrialised construction and a stronger public-sector role.
He says high prices and too few homes could slow mortgage lending, even though banks are willing to provide finance.
CaixaBank plans to help fund housing projects, while Gortázar says any 100% mortgage must depend on whether the borrower can repay it.
CaixaBank chief executive Gonzalo Gortázar said Spain’s housing shortage, not a lack of mortgage funding, is the main barrier to access.
He said the number of new households formed each year exceeds the number of homes completed.
Gortázar called for faster construction, including through land liberalisation and industrialised building, and a greater role for public administration.
He said Spain needs to address the estimated shortfall of one million homes, which will not be built within a year.
CaixaBank aims to support housing supply by financing property developments.
- Who
- Gonzalo Gortázar, CaixaBank’s chief executive.
- What
- He said Spain needs more homes, rather than more mortgage funding, to address its housing shortage.
- When
- At CaixaBank’s quarterly results presentation. The article was published on 30 October 2026.
- Where
- Spain.
- Why
- The number of new households formed each year exceeds the number of homes completed, while housing prices are high.
This story does not have two clearly opposing sides.
The European Central Bank kept interest rates at 2.5%.
Gortázar called for more homebuilding to address Spain’s housing shortage.
- Housing shortfall
- One million homes, according to the estimate attributed to the Bank of Spain
- ECB interest rate
- 2.5% after the bank kept rates unchanged on Thursday
- CaixaBank CEO
- Gonzalo Gortázar
- Publication date
- 30 October 2026
1 source
What people are saying
Hay financiación a espuertas, lo que faltan son casas
Como economía, no estamos construyendo suficientes casas y, por tanto, si no se construyen no podemos financiarlas
El sector debe ponerse cuanto antes en una senda de mayor actividad