Almost lifelong rentals: how Casa 47 flats will work and who will be able to access them

The Council of Ministers has approved the creation of Casa 47, the new public housing body that will manage long-term rentals, with contracts that may extend to 75 years. The aim is to offer residential stability to middle-income earners, traditionally outside the scope of social housing.

Casa 47, successor to the former SEPES, will centralise the whole process, from land management to the allocation of homes. From the beginning of 2026, the body will launch an online portal through which available flats can be viewed and applied for. In its first year of operation, it is expected to place at least 13,000 homes on the market under an affordable-rent scheme.

Prices will be capped so that tenants do not spend more than 30% of their income on rent, with amounts adjusted to the average salary in each area. The financial requirements give access to people with incomes between 2 and 7.5 times the IPREM, that is, between 1,200 and 4,500 euros per month. Below that threshold, families will be referred to other social programmes; above it, to the open market.

Contracts will be structured as an initial period of 14 years, automatically renewable in seven-year instalments, provided that eligibility conditions continue to be met. Much of the housing stock will come from SAREB properties, public land from different ministries and new developments, as well as purchases from private owners. It is a state commitment that seeks to make stable renting a genuine long-term option.