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The situation in the Spanish real estate market is frankly concerning. The outlook suggests an escalating housing crisis, particularly affecting young people and the most vulnerable social classes. First and foremost, it is alarming to see the housing deficit continue to grow. While an increase in property transactions is expected, potentially reaching 670,000 in 2025, this will not be enough to meet real demand. The forecast of 250,000 new households being created, compared to just 150,000 new construction permits, is a clear indicator that the supply shortage will persist.