Overview
- The Banco de España’s household survey reports that 70.6% of households owned their main home in 2024, the lowest share in the recent series and down from 72.1% in 2022.
- Homeownership at age 30 plunged across generations, with only 27% of people born 1986–1995 owning a home versus 60% in the 1976–1985 cohort.
- Households reduced leverage to series lows, as the share with debt fell to 54% and the median balance dropped to €29,900.
- The central bank links the decline in ownership to a housing supply gap caused by fast household formation and slow building, which is steering more people toward renting.
- Wealth building now hinges more on scarce housing access, with median net wealth near €161,000 still below past peaks and the typical main home valued at about €170,000.