Post by account_disabled on Mar 11, 2024 21:39:41 GMT -6
The entry into force of the Housing Law on May 26 continues to generate controversy. The limitation of residential rental prices has meant that housing for tourist and temporary use has become a refuge for investors, who take advantage of the lack of price regulation in this type of property. In order to counteract this problem and prevent owners from opting for this type of contract to avoid price limitations, the Generalitat proposes promoting new legislation that regulates seasonal rental and tourist use contracts, something that could produce a incalculable damage to housing investment in Catalonia, according to experts.
Iñaki Unsain, a leading Real Estate Personal Shopper in Barcelona , believes that the application of this law could cause incalculable damage to investment in housing in Catalonia. “This proposed law would lead to an even greater deterioration in the rental market. These constant regulations only scare away all investment,” says the general director of ACV Gestión Inmobiliaria.
Ester Capella, Minister of Territory of the Generalitat, announced in the appearance this Wednesday in the Parliament of Catalonia that, in addition to promoting a Czech Republic Mobile Number List new law to regulate seasonal contracts, they will carry out a new regulation of housing for tourist use and seasonal. For the former president of AEPSI (Spanish Association of Real Estate Personal Shoppers) , these proposals “are generating uncertainty among owners.” Furthermore, he warns that this law “will definitively put an end to supply and we will experience a massive withdrawal of housing from the market in Catalonia.”
Massive withdrawal from a rising market
Data from Incasòl (Catalan Land Institute), the Generalitat body in charge of rent guarantees, indicate that between 2019 and 2022 the signing of seasonal contracts has increased by 20%. According to the National Institute of Statistics (INE), Catalonia is the third autonomous community with the most tourist homes in Spain, with a total of 45,709, ranking only behind Andalusia and the Valencian Community.
If these regulations continue from now on, Unsain emphasizes that national and foreign investors will look for new markets in those autonomous communities governed by the right, with the aim of avoiding Catalan price limitations.
The new mayor of Barcelona City Council, Jaume Collboni, proposed this week to reform the 30% social housing law. In this sense, the expert in the real estate market proposes betting on the promotion of a new stock of limited-price social housing that can be accessed by citizens with fewer economic resources, and thus discard this regulation that "will produce an even greater increase in the price." average rents in Barcelona.
Iñaki Unsain, a leading Real Estate Personal Shopper in Barcelona , believes that the application of this law could cause incalculable damage to investment in housing in Catalonia. “This proposed law would lead to an even greater deterioration in the rental market. These constant regulations only scare away all investment,” says the general director of ACV Gestión Inmobiliaria.
Ester Capella, Minister of Territory of the Generalitat, announced in the appearance this Wednesday in the Parliament of Catalonia that, in addition to promoting a Czech Republic Mobile Number List new law to regulate seasonal contracts, they will carry out a new regulation of housing for tourist use and seasonal. For the former president of AEPSI (Spanish Association of Real Estate Personal Shoppers) , these proposals “are generating uncertainty among owners.” Furthermore, he warns that this law “will definitively put an end to supply and we will experience a massive withdrawal of housing from the market in Catalonia.”
Massive withdrawal from a rising market
Data from Incasòl (Catalan Land Institute), the Generalitat body in charge of rent guarantees, indicate that between 2019 and 2022 the signing of seasonal contracts has increased by 20%. According to the National Institute of Statistics (INE), Catalonia is the third autonomous community with the most tourist homes in Spain, with a total of 45,709, ranking only behind Andalusia and the Valencian Community.
If these regulations continue from now on, Unsain emphasizes that national and foreign investors will look for new markets in those autonomous communities governed by the right, with the aim of avoiding Catalan price limitations.
The new mayor of Barcelona City Council, Jaume Collboni, proposed this week to reform the 30% social housing law. In this sense, the expert in the real estate market proposes betting on the promotion of a new stock of limited-price social housing that can be accessed by citizens with fewer economic resources, and thus discard this regulation that "will produce an even greater increase in the price." average rents in Barcelona.