What are the main developments in the housing decrees passed today?
It appears that the decree containing most of the measures will go through, while it does not appear that the decree containing the automatic extension of rent, which raises an "ambitious debate," according to Sanchez, will be adopted.
The Spanish Council of Ministers today approved the two royal decrees on housing , which basically contain the measures contained in the decrees that were suspended on Friday because "there are certain essential points" in the words of Spanish President Pedro Sánchez, although there are some extremes that have been amended.
What are the main developments?
-A funding line of EUR 10 billion:loans of up to EUR 50 000 without interest will be offered to those who want to buy their first home.\U00a0erun by the Official Credit Institute of Spain and intended for anyone, not just young people.
Rentaland purchase assistance:Tenants will be allowed to deduct part of what they pay for rent in their income statement. For example, a person with an average rent of 800 euros will have a deduction in their income statement of almost 1,000 euros. In addition, small owners who rent a house at affordable prices will have tax incentives.
- 280 million euros abal to promote industrialized housing construction, shorten deadlines and increase supply, in addition to approving a billion "social impact" fund to support social housing providers.
The public company Casa 47 will purchase "thousands" of real estate from Social Security for housing.
- Rent contracts for those who areaware of payment are extended to two years , rent increases are limited and rules will be laid down as to when the contract ends and the owner can recover the house.
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