The Spanish government’s plan focuses on building and protecting a large stock of social housing and expanding aid as well as tax penalties. Half of the measures announced by Pedro Sánchez are Sumar proposals.
The housing crisis in Spain has prompted the President of the Spanish government, Pedro Sánchez, to announce this new measures in the last hours. The Spanish government’s plan focuses on building and protecting a large stock of social housing and expanding aid as well as tax penalties.
Half of the measures announced by Pedro Sánchez on Monday are proposals from Sumar, his government partner, including the restriction of purchases from non-resident non-EU citizens and that tourist housing be taxed as an economic activity, while others are truly socialist . , such as full tax exemption for owners who rent according to the benchmark.
These are the new measures proposed by the Spanish government:
Public housing
1. Transfer of houses and land to the new one Public Housing Company. The state has just transferred 3,300 homes and two million square meters of residential land to build affordable social housing. 13,000 Sareb homes will also be included immediately and 17,000 gradually.
2. The new Public Housing Agency will have that priority when purchasing homes and landwith a supplementary character to the law of the autonomous communities.
3. Protected housing is shielded of the state, guaranteeing by law that all state-built housing remains public property indefinitely.
4. Launch of a PERTE (Strategic Projects for Economic Recovery and Transformation) for the innovation and modernization of industrialized and modular construction in Spain to build houses in less time and with less costs. It will be developed in the province of Valencia to contribute to the reconstruction of the economic fabric after DANA.
AIDS
5. Creation of a government guarantee system imported from France This protects both landlords and tenants who participate in affordable rent. It will come into effect this year and will apply to owners who rent to people under the age of 35.
6. Creation of a new one empty house rehabilitation program intended for affordable rental. Support is provided to people who renovate an apartment to make it affordable for rent for at least five years.
7. Propose to Congress the approval of 100% exemption from personal income tax for owners who rent their home according to the Reference Price Index, without it having to be located in an area declared under stress.
8. New National housing planwhich will come into effect in 2026. It will expand current assistance programs and pay special attention to the elderly, young people, people with disabilities and people living in disadvantaged areas.
Tax penalties
9. Propose to Congress that the tourist houses are considered a business and taxed as an economic activity, including the application of VAT in those areas where there are problems in access to housing or where tourism is saturated.
10. Condition the tax benefits from real estate investment companies (socimis) to the promotion of affordable rental housing.
11. Limit the purchase of housing by non-EU citizens non-residents increase the tax they have to pay when buying a house in Spain to 100%.
Regulation
12. Fundamental law reformcurrently under parliamentary procedure, to reduce bureaucracy, speed up construction processes and expand the availability of land for private construction.
13. Pursue the regulations sought by the seasonal rental fraud and create a fund for regional and municipal governments to strengthen inspections of illegal tourist housing and other fraudulent uses of housing.
Source: EITB
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