Real estate sector awaits approval with skepticism new one Housing law is in Congress next Thursday, following the agreement between government partners EH Bildu and ERC. While the notary group prefers to wait for the final draft to be published in the BOE, annual lease update Separated from CPI, new definition great hostlandlord’s obligation to pay real estate commission or new measures drain protection are some of the most controversial elements.
It is also doubtful that each autonomous community they can apply the legal framework in their own way. All this means that the new law is born into a swamp of suspicion among sales professionals, lobbies, brokers and expert analysts, and tenant agents in a market that needs solutions but lacks magic recipes to satisfy everyone.
in relation to tenantsexperts part of the law, especially will limit rent increasesdespite acknowledging the lack of adequate measures to increase supply corporate housing or mechanisms that counter the ability of mutual funds to encourage the eviction of families without alternative housing. In addition, it is expected that there will be a serious revival in the seasonal or tourism purposes outside this regulation. So Podemos claims to include them.
For one reason or another, all industries involved see some aspects that they criticize. Mortgage Affected People Platform (PAH)Reducing the definition of “big landlords” to those who own five houses instead of 10, who consider the agreement between the ERC, EH Bildu and the Government to pave the way for easing the rent, and preserving the powers of autonomous communities. For PAH, the anti-evacuation law in Catalonia prevented 5,000 to 11,000 evacuations.
Instead, for League of Logateres, the rental arrangement stipulated in the law is “nonsense”. “Let’s say, far from lowering prices, they think it will allow the opposite of the uncertainty of the offer, namely: prices continue to rise at a high rate In the face of a restrictive legal framework, they anticipate that scammers will circumvent restrictions, such as raising rent or withholding information about the terms of the previous contract by showing it as an IBI expense.
General secretary of the consumer organization Facua, Ruben Sanchez“It gives good news that city councils can apply to municipalities,” he said. empty houses A surcharge of up to 150% on IBI”, but on the other hand “sad”, measures to control rental prices “People who buy speculative housingR. In this, the demands of dozens of non-governmental organizations were not met.”
Francis Cross Since 1992 he owns the real estate agency CVM Pisos, located in the commercial center Fabra i Puig, where he is responsible for leasing and sales. He believes that one of the most important aspects of the law will be the way it is implemented. Clarity of concepts that will affect the reference index and income. “The problem in recent months was that the market was also stagnant. legal uncertaintyis waiting to learn how the new law will affect the parties, after a year of real frenzy of rising prices. Those with flats from 800 euros automatically went to 900 or 950 in anticipation of the limitation being enforced. As professionals, it will be up to us to study the law, change contracts, and educate both landlords and tenants,” he explains.
on his behalf Ferran FontThe research director at Pisos.com criticizes that “the new housing law will cause great regulatory heterogeneity in autonomous communities and therefore also create great instability.” According to him, “a lesser short-term housing policy is lacking. The law was born with great doubts not only as to its viability, but also because of its foreseeable ineffectiveness.”
also doubt Jose Ramon Left-handedHe is the managing director of the Rental Negotiation Agency (ANA) and believes that the law will not provide effective solutions and that Catalonia is an example of what can happen. “Since September 2020, when rental prices were interfered with in Catalonia (until the Constitutional Court annulled that part of Catalan law), this rose higher than any other autonomous communityyes like him Madrid, where there is freedom of income”. According to him, the new law as proposed “infringes on the freedom of the landlords, it will restrict the offer, which will not be helpful at all, because when there are fewer offers, prices will rise or fall. … they will remain high no matter how limited or the increase is not limited by prices. it will slide into other areas (areas without pressure)”, comments Zurdo.
Guifre HomedesThe managing director of Amat Inmobiliaris admits he has a feeling it could be. a new temporary legal framework waiting for the government of the future “In a matter as structural as housing, It is a pity that there is no minimum consensus Within the parliamentary arch and between autonomous communities,” says Homedes. According to him, the main problem of the industry is the lack of sufficient supply. people who are already in a rental property will be good law “The small investor who dominates rental real estate in our country has no incentive to either continue to invest or maintain the investment in hand. It won’t be.”
Norm and critical at the same time Vicenc Hernandez RecheThe CEO of Tecnotramit and president of the Association of Realtors of Catalonia (AIC) believes this could be “a first step”. interventionist policy Paradoxically, he adds, “political class campaigns with the word social, while housing is the most tax-paying asset during its lifetime, and the budget line for social renting is ridiculous.”
Technically, Arantxa Goenagalawyer and member of the Barcelona Law Office emphasizes that the new legal framework allows extension rental contract year when the tenant is in a situation of economic or social vulnerability, that is, The period agreed by the parties can be changed without the consent of the owner.. This means that owners who lease a property do not decide on the duration of the contract, but a longer term may apply, with the consequences if they are unable to dispose of their property.
Also, online review carlos salaThe legal area manager of API Catalunya, which oversaw Generalitat’s public housing policies from 2011 to 2018, believes the text presented “contains more effective measures than effective” and “could benefit the people living”. short term rental not for those who are considering accessing a rental homeand we are convinced that it will be disappointing in that sense”.
Alejandro BermudezOne of the key elements of the new legal framework, the Balearic Islands, Malaga, Alicante, Barcelona, Las Palmas or Madrid, could mean a share of up to 40% of the housing supply, said the CEO of Atlas Real Estate Analytics consulting company: “In financial models Highlighting a region has implications for investors’ decisions, as price rise forecasts have great weight when analyzing profitability.”
Academically, Carlos Balado“The change in regulation,” said Professor at OBS Business School and director of Eurocofín. insecurity and instability, in addition to insecurity, as it will affect the profitability that owners expect to derive from their investments, as well as the valuation. As a result, investments or rentals in the market may reverse, causing prices to rise or become more tense as required by law.”