The construction of social housing (VPO) in Euskadi has reached its lowest figures in the last decade. According to industry sources, the initiation of the urgent measures law in 2025 created expectations that prompted private developers to postpone the launch of new projects.

In response to this situation, the Basque Government has identified the lack of available land as a fundamental factor in the problem. To address this, a strategic reserve has been approved to provide the government with land. Additionally, rising production costs and the disappearance of a segment of the sector without adequate replacement have also contributed to this scenario.

Furthermore, the implementation of 'tensioned areas' in Bizkaia has not yet had a significant impact on prices. Experts suggest that for a price reduction to occur, a substantial percentage of large landlords would be necessary, which is not the case. Nevertheless, price increases are expected to moderate, potentially leading to a deflation of rents.