One of Isabel Díaz Ayuso’s stellar measurements for housing will benefit the most, and if the most optimistic forecast is met, only 1,000 people from Madrid will 0.07% of all adults under 35 resident in the Community of Madrid. This is the My First Home plan, which was incorporated into the “ambitious” birth strategy and approved at the end of July.
Madrid government with this program facilitate the purchase of properties youth with economic solvency but without sufficient savings give the mortgage entry.
How? Since banks usually do not mortgage more than 80% of the property price, the Community guarantee for the remaining 15% to cover 95% of the loan. Inspired by this diagram Purchasing Assistance From the UK, which started in 2013 and has already shown inflating prices and increasing developers margins. Main Botin It has been and continues to be the main proponent of the practice in Spain and in the Region of Murcia, also administered by the PP.
program budget, 18 million €, double the original budget. The budget was doubled after a change by Vox.
The cost of the flats to be financed cannot exceed 390,000 Euros. The average price of an apartment of 90 square meters in the area 261.990 € According to a recent calculation by EL PERIÓDICO DE ESPAÑA and this media, a newspaper that is part of the Prensa Ibérica group.
If the community needs to guarantee an average of 39,298 euros per flat, 18 million euros will be given for 458 flats. Even if we consider that the guaranteed flats cost an average of 195,000 Euros (half of the determined limit), in total 615 floors.
They’re more optimistic on the Housing Council. This newspaper consulted 800 beneficiaries already 1,000 at their best guess. To reach this final figure, the average price of guaranteed flats cannot exceed 120,000 Euros. Only 8% of at least one bedroom apartments advertised in the region are below this price.
they live in Madrid 1.39 million young people aged 18-35 According to the 2021 register, Assistance can be requested in the last quarter of the year, according to information made public by the Community.
‘Scholarship for the rich’
Community Ministry of Environment, Housing and Agriculture, 526 million Euro budget in 2022. Other important housing-related items correspond to the payment of the Social Housing Agency’s (former IVIMA) IBI of apartments and the development of the Ministry of Transport’s State Plan for Housing and Rental Subsidies. with 17.8 million
Compared to other famous Ayuso shows, 18 million is not a lot. The amount of scholarship given to private education centers this year 127 million €According to data compiled by El País, infant is between high school, middle class AP and upper class AP. These are scholarships that the Society allows to choose, making their access criteria more flexible. Families earning more than 100,000 Euros per year.
The other major pillar of Ayuso’s housing policy is the VIVE Plan for residential construction. 15,000 rental homes in this legislative period, but it will not come in this time. Before the end of 2023, not a single flat will remain. The formula chosen for this program is the transfer of public lands to contractors who have run the residences for fifty years.
“High rents only”
Conceptually—and later Purchasing Assistance In the UK, which has financed 328,506 home purchases to date, the opposition is not convinced that public money has been allocated to secure mortgages.
“This transfer public resources to benefit the interests of financial institutionsSays Alejandra Jacinto, spokesperson for United We Can’s Housing in parliament. Purchasing Assistance Ana Botín and her property developers have always defended her so that the State can get the chestnuts out of the fire. Seems politically wrong to me. In addition to having some access requirements arbitrary: they want you to be registered for two years, compared to ten years when you have to apply for social housing. And we are not talking about affordable housing, but housing for up to 390,000 euros. yes then above The measure does not reach many, it is more of a pseudo-service than a real housing policy. Historically, the Community has made a policy of real estate, not housing.”
For Jorge Moruno, spokesperson for Más Madrid Housing, this help “Same spirit as Cayetana subsidies: in the end, only high-income earners will have access to public guarantees”.
this economic solvency criteria The demands that the community will make have yet to be defined, but as Deputy Minister of Housing José María García said, “a comprehensive analysis of the solvency of the future buyer would be made and factors such as seniority in professional career or workforce relationships”.
According to the Youth Council’s Observatory for Emancipation, “The Community of Madrid, despite having the highest average annual salary, has “for years been one of the most inaccessible to the young population” and, bearing in mind that the rate of emancipation has fallen, in recent years Moruno has become “a reactionary targeting the minority. believes we are facing politics: they leave behind the majority who cannot even leave their parents’ house.“.
Both sides believe the money should go to buy and build public housing. adjusting the price hire, The measure Ayuso always opposes.
The President is aware of the problem of access to housing in Madrid, or at least said so when describing his personal situation in an interview. “I’m tired of paying rent and excited to buy a house but Housing skyrockets in Madrid“, aforementioned.