Spain's Council of Ministers approved a EUR 7 billion housing plan on Wednesday 22 April, split 60/40 between the central government and Spain's 17 regional governments. The plan funds first-home support for under-35s, rehabilitation loans, and factory-built housing.
The plan only works if opposition-governed regions in Madrid, Andalusia and Galicia sign up to their 40% share. Past co-financed plans in 2009 and 2013 both saw up to 40% underperformance in regions run by the opposition party.
