Spain’s ERM market, which was formally regulated in 2007, experienced a significant resurgence after the Covid-19 pandemic. The country is home to over 9.84 million individuals aged over 65, accounting for more than 20% of the population. Despite facing challenges such as insufficient funding and a lack of alternative financing sources, Spain’s ERM market is projected to grow substantially, with a forecasted annual volume of €3.5 billion over the next decade. The nation’s significant contribution to Europe’s housing wealth, surpassing €1 trillion, underscores the vast investment opportunities available.