It was criticized by the Association of Rental Realtors (ASIPA). housing law encouraged by the government. “The new norm creates uncertainty in the short runsomething that causes freeze investment decisions of international savers In an interview with El Periódico de España from Prensa, Enrique Illán de Haro, head of the organization, explains, “It makes us less competitive as we continue to attract the savings that are already available in the Spanish market and necessary to solve the supply problem,” explains the group Iber.
The president of the association ASIPA, which brings together the main real estate companies investing in Spain, said that the new regulations “changes the playing field for years to come“in rental housing investment. One of the immediate consequences is that if property owners can’t match income with the market, they will stop investing in properties, which is a problem. Disruption of existing park. On the other hand, to avoid problems, some hosts sell assetsexplains it by removing them from the rental market and lowering the offer.
Improve the rental market
The ASIPA chairman denies that price intervention in the free market is an option. “One must facilitate soil formationwith agile processes and greater legal certainty”, comments Illán de Haro, who argues that resolving the crisis includes: expand the offer. According to real estate consulting firm Atlas Real Estate, Spain needs 1.83 million rental properties to meet current demand; the majority of them are in Andalusia, the Valencian Community, Galicia, Madrid and Barcelona.
The chairman of the association, which includes major owners such as Azora, Axa IM, Allianz or CEVASA, explains his proposals as follows: price adjustment sheltered housing, so they can be afforded, but they have public support to make it economically viable. It also “calls for measures to protect private property, including power,” in the financial improvement of the development, construction and operation of rental homes, which today are penalized by more taxes than they sell.take back houses in case of non-payment, and squatting‘ and ‘public funds to meet social vulnerabilities without confiscating private savings’.
From the point of view of public administrations, ASIPA, as representatives of the sector, demands the mobilization of public lands and the reinvestment of the benefits obtained by the administrations in urban processes for the creation of public social housing today. “not available”.
Other ASIPA claims
Another of his main demands is municipal surplus value. “It didn’t make sense to have a municipal capital gain without a capital gain from the sale,” says Enrique Illán de Haro. While acknowledging that there is no definitive formula for the calculation, it remains a major source of income for many municipalities and any solution agreed upon in the European Union will create a deficit in public accounts.
in favor of the association horizontal property law reform “To make the unanimous rule more flexible for the acceptance of agreements in communities, this requirement dates back to the 19th century and in many cases serves to thwart reforms and other decisions affecting buildings.”