Visesa - Etxebizitza Sustatzaile Publikoa

What Visesa - Etxebizitza Sustatzaile Publikoa does

Visesa (Vivienda y Suelo de Euskadi, S.A. – Euskadiko Etxebizitza eta Lurra, EA) is the public housing promotion company wholly owned by the Basque Government (Gobierno Vasco / Eusko Jaurlaritza), incorporated in November 2007 and operating under the Department of Housing and Urban Agenda. The company promotes protected social housing across the three Basque territories — Araba/Álava, Bizkaia, and Gipuzkoa — and has developed more than 16,000 homes cumulatively. Its mandate is anchored in the Social Housing Pact 2022-2036 and its operations are steered through municipal cooperation agreements, EU funding capture, and a regulatory framework reserved for public developers.

The company's core products consist of protected rental housing (Alokairuko Etxebizitza Babestuak) and protected housing for sale (Salmentako Etxebizitza Babestuak), supplemented by ancillary offerings of garages (Garajeak) and commercial premises (Lokalak), plus energy rehabilitation services for existing housing stock partially funded by EU Next Generation funds. On the technology side, Visesa implements BIM methodology for digital lifecycle management of housing promotions, deploys Digital Twins (BIKIA) and Building Management Systems (BMS) for real-time building monitoring, and employs industrialized construction techniques including 3D steel modules, CLT (Cross-Laminated Timber) panels, and prefabricated concrete structural elements. New developments target Passivhaus certification and Energy Class A ratings, with the Bolueta building recognized as the world's tallest Passivhaus certified structure.

Visesa operates a regulated revenue model combining recurring rental income from social housing (managed via Alokabide), one-time sales of protected housing units at government-set prices, leases and sales of commercial spaces and garages, and significant public-sector funding streams including Next Generation EU funds, H2020 research grants, and Basque Government capital contributions. Distribution occurs through three regional offices (Vitoria-Gasteiz, Bilbao, Donostia/San Sebastián), citizen attention offices across all three provinces, the Etxebide central housing registry, and an electronic registration portal. Pricing is non-disclosed and fully regulated, with allocations determined through public tender and housing-need criteria rather than market mechanisms. The company is led by Director General Carlos Quindós and runs on a notably lean core team of seven staff, with development execution outsourced to partner architecture firms (DG Arquitectura Habitable, Cooperactiva Arquitectura) and construction contractors (Construcciones Olabarri, Construcciones Amenabar).

Name

Visesa - Etxebizitza Sustatzaile Publikoa

Legal name

Vivienda y Suelo de Euskadi, S.A. – Euskadiko Etxebizitza eta Lurra, EA (Visesa)

Website

https://visesa.euskadi.eus

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Visesa is the Basque Government's public housing promotion company, developing affordable protected rental and ownership housing across the Basque Country's three provinces using industrialized construction, BIM, and Passivhaus energy standards.

Ownership category

akta.pro rank

Product category

Public Social Housing

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), Other Community Housing Services (624229), Lessors of Residential Buildings and Dwellings (531110)

SIC

Real Estate (6500), Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ)

Keywords

• Public housing development
• Affordable rental housing
• Protected housing construction
• Energy-efficient buildings
• Social housing management

Headquarters

HQ city

Vitoria-Gasteiz

HQ country

Spain

HQ region

Europe

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Social Rental Housing: Rental income from protected social housing managed by Alokabide. Rents are set at affordable, below-market rates for qualifying households registered in Etxebide.
2. Protected Housing Sales: Sale of protected official housing (VPO) units to qualifying buyers at regulated prices, including both general and restricted sale regimes.
3. Commercial Spaces and Garages: Commercial premises (locales) and parking spaces (garajes) sales and rentals in residential developments.
4. Government Subsidies and European Funding: Next Generation EU funds, H2020 research grants, and Basque Government capital contributions for housing development projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Visesa develops and promotes protected social housing (both rental and for-sale) across the Basque Country as the public housing promotion company of the Basque Government. Its portfolio includes protected rental housing allocated through the Etxebide registry and managed by Alokabide, protected housing units for sale at regulated prices, associated garages and commercial premises, and energy rehabilitation services for existing housing stock co-funded by EU Next Generation funds.

Product overview

Visesa (Euskadiko Etxebizitza eta Lurra, E.A.) is the public housing promotion company of the Basque Government that develops and manages protected social housing across the three territories of Álava, Gipuzkoa, and Bizkaia. The company's core offering consists of protected rental housing (alokairuko etxebizitza babestuak) and protected housing for sale (salmentako etxebizitza babestuak), complemented by associated products including garages/parking spaces (garajeak) and commercial premises (lokalak). The company also provides housing energy rehabilitation services (etxebizitzen birgaitze energetikoa) with EU Next Generation funding support. On the technology side, Visesa has implemented BIM methodology for digital management of housing projects, deploys BMS (Building Management Systems) and Digital Twin technology (BIKIA) for building monitoring and management in coordination with Alokabide, offers Energy Services (zerbitzu energetikoak), employs industrialized construction techniques, and participates in multiple European R&D projects (SmartEnCity, BIM-SPEED, TRUEHOME) focused on sustainable and innovative housing solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Alokairuko Etxebizitza Babestuak (Protected Rental Housing) Social housing offered for rent under official protection regimes, with rental income generated from below-market rates and managed in coordination with Alokabide, the Basque Government's public rental housing manager. Tenants are citizens registered in the Etxebide housing registry.
• Salmentako Etxebizitza Babestuak (Protected Housing for Sale) Protected housing units (VPO) offered for sale at regulated prices to eligible buyers meeting income and other requirements under general and restricted sale regimes.
• Garajeak (Garages and Parking Spaces)

Quantifiable outcome

• 88.70% average reduction in Non-Renewable Primary Energy consumption in SmartEnCity rehabilitated buildings
• +4 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Andoaingo City CouncilcoreStrategic or Co-development Partner · 31 July 2026Municipal cooperation for development of 80 protected rental housing on free-of-charge municipal land plot with environmental remediation costs covered.
• Zarautz City CouncilcoreStrategic or Co-development Partner · 13 July 2026Municipal cooperation including 95% ICIO tax exemption and joint development agreements for Salberdin area (91 VPOa) and future Irita project (230 units).
• AlokabidecoreStrategic or Co-development Partner · 9 June 2026Public society of the Basque Government responsible for social housing management through rental policy. Manages the rental housing stock promoted by Visesa once construction is completed. Coordinates with Visesa on building management systems and digital twins (BIKIA).
• Llodio City CouncilcoreStrategic or Co-development Partner · 9 June 2026Municipal cooperation agreement for land cession (free of charge) and joint development of Goikoplaza social housing project with 93+ rental VPO units.
• Errenteria City CouncilcoreStrategic or Co-development Partner · 28 May 2026Municipal cooperation for Altzate development (45 VPOa) with 95% ICIO tax benefit and exemption from municipal fees. Land between Errenteria and Lezo.
• Construcciones Olabarri SLminorImplementation/ SI/ Consulting PartnerConstruction company executing Llodio Goikoplaza 64 VPOa development.
• Construcciones Amenabar SAminorImplementation/ SI/ Consulting PartnerConstruction company executing Zarautz Salberdin 91 VPOa development.
• UPV/EHU (Euskal Herriko Unibertsitatea)minorStrategic or Co-development PartnerUniversity of the Basque Country collaborated on OpenHouse sustainability methodology and building infiltration studies.
• Ihobe (Sociedad Pública de Gestión Ambiental)minorStrategic or Co-development PartnerBasque Environmental Management Society supporting Green Public Procurement application of OpenHouse methodology and recycled materials guidelines.
• EVE (Ente Vasco de la Energía)minorStrategic or Co-development PartnerBasque Energy Agency leading Tetraener-Antondegi sustainable urban developments project and solar thermal installations.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Institut Municipal de l'Habitatge i Rehabilitació de Barcelona (IMHAB): Barcelona municipality's housing entity developing social and protected housing stock. Comparable as a Spanish municipal public housing developer with protected rental and sale regimes, though operating in Catalonia rather than the Basque Country.
• EVha - Entitat Valenciana d'Habitatge i Sòl: Valencian Generalitat's public entity managing social housing development and rental. Similar mandate of developing protected housing under regional government housing programs, comparable both in offerings and scope.
• VIPSA - Vivienda y Protección Social de Andalucía: Andalusian public entity developing protected housing for sale and rent. Comparable as another Spanish regional public society engaged in affordable housing development under subsidized/protected regimes.
• EMVS Madrid (Empresa Municipal de Vivienda y Suelo): Municipal publicly-owned company of Madrid City Council that develops and manages social/protected housing. Directly comparable as a public-sector affordable housing developer-promoter operating under local government housing policy in Spain.
• Patronat Municipal de l'Habitatge de Barcelona (PMHB): Barcelona's municipal housing patronate developing protected housing stock including cooperative and rental. Comparable as a public-entity social housing developer in a different Spanish autonomous region.

Broad incumbents

• Peabody Trust: One of the UK's largest not-for-profit housing associations, developing and managing large-scale affordable housing. Useful peer at scale for understanding energy-efficient residential portfolio operations and ESG-focused regeneration.
• NHG (Woningcorporatie Nederlandse Huisvestingsmaatschappij) / Dutch Housing Associations: Federated Dutch social housing sector providing a benchmark for European publicly-backed affordable housing at scale. Comparable through public-policy housing framework, although governance model (regulated associations vs state-owned entity) differs.

Regional players

• Alokabide - Alokairuen Euskal Agentzia: Basque Government's public rental management entity that handles allocation and ongoing management of Visesa's rental housing stock. Sister agency within the same government department, making it the closest operational peer for the rental housing value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/visesa-etxebizitza-sustatzaile-publikoa

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Visesa - Etxebizitza Sustatzaile Publikoa