35,000 homes have already been identified and another 15,000 will be built on land ceded by this public company.
The Spanish government this Tuesday approved the plan to allocate 50,000 Sareb homes to affordable rental housing, of which 35,000 have already been identified and another 15,000 will be built on land ceded by that public company.
Sareb has a stock of 21,000 homes that can be used for social use, in addition to another 14,000 that are already occupied, and available land on which 15,000 homes and other projects can be developed. Of these 21,000 homes, 9,000 are already for sale and another 12,000 are awaiting completion and habitability works.
Sareb, founded 11 years ago to buy property from bankrupt savings banks and banks in the 2008 financial crisis, has been controlled by the state since last year.
In Hego Euskal Herria There are only 96 registered homes in Sareb: 53 in the Basque Autonomous Community and 43 in Navarre.
In the press conference after the Council of Ministers, the First Vice President and Minister of Economy, Nadia Calviño, stated that “it fundamental rebuild the public housing stock in Spain and profit from one hundred percent of the assets” of the so-called “bad bank”.
Calviño pointed out that the company’s new strategy also includes the “allocation of land for the construction of hospitals, schools, parking garages and other public services.”
Source: EITB
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
