In response to Spain’s ongoing housing crisis, the Partido Popular (PP) has unveiled a series of measures aimed at improving access to housing. These initiatives were announced during the "Declaración de Asturias," a summit between Alberto Núñez Feijóo and regional PP leaders. The proposals focus on fiscal, regulatory, and administrative reforms to tackle housing challenges.
One of the standout measures is the reduction of the Property Transfer Tax (ITP) to 4% for young homebuyers. Each autonomous community will determine income and property price limits to qualify for this tax benefit, requiring legislative implementation at the regional level.
The PP seeks to repeal the current Housing Law and introduce a new Land Law with a reformist approach. Key proposals include:
The PP proposes passing a law to evict illegal occupants within 24 hours, featuring:
Legally, this would involve reforming eviction procedures to reinforce property owners` rights.
To increase rental supply, the PP suggests:
The PP aims to:
These reforms will require substantial regulatory adjustments at both regional and national levels to harmonize procedures and ensure effective implementation.
The PP’s housing proposals present a comprehensive strategy to improve housing access, boost supply, and strengthen legal security for property owners. While these initiatives could ease Spain’s housing crisis, their success depends on several factors:
Overall, the PP`s plan offers an alternative to existing policies but must be executed in alignment with EU regulations and stakeholder agreements at the national level.
If you want to stay updated on legal developments in tax and housing policies, or need expert guidance on applicable regulations, Gentile Law provides specialized legal assistance.
Lucía Goy Mastromiechele
luciagoy@gentile.law
+34 626 118 451