Spain has not built new homes nor sold 455,000 vacant properties since the beginning of 2024, indicating a significant slowdown in the housing market. The Ministry of Housing attributes this to a surplus of properties resulting from the financial crisis and difficulties in bringing these units to market. The majority of unsold homes are concentrated in Madrid and the Levante coast (eastern coastline). This stagnation suggests a lack of demand or issues with property pricing and accessibility. The situation highlights an imbalance between housing supply and actual market needs. Experts suggest addressing the root causes of the surplus and stimulating demand are crucial for revitalizing the sector. The lack of new construction further exacerbates the existing problem, potentially impacting future housing availability.