What do I need to know about the new housing law?

Thursday, 07 October, 2021

The agreement between the PSOE and Unidas Podemos on the housing law includes the regulation of the rental price to lower the rents for homes in the hands of large owners, based on benchmarks for all contracts in stressed market areas. 

It also establishes that small owners will have tax incentives to facilitate the freezing of prices, in order to also be able to reduce the rental price. 

According to sources from Unidas Podemos to Europa Press, the main obstacle that the negotiation ran into yesterday has been overcome, in relation to the obligations for large owners, which will be defined as those who have 10 or more homes. In this way, they have detailed that there will be withdrawal of large holders of "tax privileges." 

A surcharge of up to 150% is also established in the IBI for cases of empty houses, which may be applied by the municipalities. The future regulations also bet on the public rental park, with a reserve of 30% of all promotions for protected housing. Half of this proportion, 15%, will be dedicated to social rent. 

Podemos celebrates the milestone of the Law after months of negotiation 

Along with this, protection measures will be established against evictions focused on the vulnerable population, as pointed out on Twitter by the General Secretary of Podemos and Minister of Social Rights, Ione Belarra. 

«They have been long months of negotiation but the agreement for the housing law marks a historic milestone in our country. Regulation of rental prices, protection against evictions and public housing stock. Yes, we can! », He acknowledged in his comment on networks. 

The deputy of Unidas Podemos and leader of En Comú Podem, Aina Vidal, has celebrated that "common sense" has "opened the way" to shape a housing law that regulates the price of rent, something necessary to also articulate the budgets of the “recuperation". 

"The PSOE seems to have come to its senses (...) The main stumbling block seems to have been saved," said Vidal to add that, with these regulations, the country resembles the European environment that establish price control measures, especially in big cities. 

Meanwhile, the state co-spokesperson of Podemos, Isa Serra, has praised that this law finally puts a stop to the abuses of vulture funds to guarantee decent housing. In turn, the purple formation has written on its Twitter account that for the first time in history there will be a housing law that lowers rent prices. 

"A milestone that truly improves people's lives and that shows that, with political will, there is no lobby or vulture fund that can stop the progress our country needs," he concluded. 

The elaboration of the state housing law with rental regulation has already been agreed between the government partners in the pact on the current public accounts, in addition to being outlined in the coalition agreement. 

However, the formulas to translate this regulation led to a series of discrepancies that have lasted for almost a year, and which have finally been resolved this Tuesday, since the purple ones linked the approval of the new public accounts to the unblocking of said law. 

 

The negotiation, finalized in 24 hours 

This morning has transcended the agreement within the coalition Government to give the green light soon to the project of General State Budgets (PGE) for 2022 and also to the Housing Law, which should have been approved seven months ago. 

This pact will allow the Government to approve its accounts soon, although the Minister of Finance, María Jesús Montero, will no longer be able to take them to the Council of Ministers this Tuesday, as she had promised in the beginning. However, sources from Moncloa already indicated last week that they had to approve them, at the latest, the second week of October, so that they had time to have them in force in 2022. 

Yesterday the Minister of the Presidency, Félix Bolaños, and the Minister of Social Rights and General Secretary of Podemos, Ione Belarra, met again and found that the main difference on the regulation of the rental price to large owners. However, 24 hours later the partners have reached an understanding. 

Why are houses in Mallorca so expensive?

Thursday, 14 October, 2021

The builders point out three factors mainly

Access to housing is one of the main problems that the citizens of Mallorca have. Faced with this situation, many people wonder why homes on the Island are so expensive, compared to those sold on the Peninsula.
The manager of the Balearic Builders Association, Sandra Verger, explains that the...

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REU receives the award for portal of the year in Spain

Wednesday, 13 October, 2021

REU has been nominated in the Real Estate Portal of the Year category in Spain (Balearic Islands). We have been chosen as the winners of 2021/22. This recognition is an honor and a reward for the efforts made throughout the pandemic to improve the services we offer to our partners and customers.

During the awards process, more than 100,000 companies and corporate...

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What is the Okupa movement and how can we protect ourselves?

Friday, 08 October, 2021

Okupa is a movement that began in the 70's that seek the opportunity to forcibly and illegally invade an abandoned apartment, chalet or building. In Europe this type of people is very common, more than everything in Spain due to the difficult situation of acquiring a private...

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Real Estate Meeting

Thursday, 30 September, 2021

At the meeting on September 30, we will have the presence of the REU programmers, to present the latest updates and the advantages of publishing all the properties, also publicly, to users who may be interested in buying or rental.

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Legacy homes can be sold now without waiting for unforeseen heirs

Tuesday, 28 September, 2021

With the pandemic and the death of many elderly people, the real estate sector has received a significant injection of housing stock for sale and rent. With the legal change on Friday, inherited home purchases that in the past required a warning from notaries to buyers, are no longer valid. Until now, many of these operations could be blocked or be susceptible to mistrust, due to the risk...

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The sale of homes rises 53.5% in July and marks its maximum in 13 years

Tuesday, 28 September, 2021

The statistic chains five consecutive months of positive rates | The sale of used apartments increased 56.9%


The sale of homes soared 53.5% last July in relation to the same month of 2020, to add 50,258 operations, its highest figure since April 2008, when more than 54,000 transactions were carried out, as reported this Wednesday the...

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