
Sánchez announces a line of 10,000 million for interest-free loans and tax deductions for rent
The Council of Ministers has approved two royal decrees on housing that include interest-free loans of up to 50,000 euros, tax deductions for rentals and the acquisition of Social Security properties to expand the public park.
AI-generated summary
The Government is trying to rescue housing measures after the previous parliamentary rejection. The aim is to facilitate access to purchases and regulate the rental market.
The Council of Ministers has again approved the two royal decrees on housing "with some additions", which fell in Congress last Friday. Specifically, there are 21 measures that include new developments, especially in the area of facilitating access to purchases. Sánchez has announced a financing line with 10,000 million euros for the granting of loans of up to 50,000 euros without interest for those who want to acquire their first home because "saving for the mortgage has become the biggest obstacle to emancipation," said the President of the Government.
This line of financing will be managed through the Official Credit Institute (ICO) and will be intergenerational, since it will not only be aimed at young people. Sánchez has also assured that the measures allow tenants to "deduct part of what they pay for rent in their income tax return", which would mean, according to his calculations, in a rent of 800 euros a deduction of almost 1,000 euros, in addition to a "tax incentive" for, he insisted, small owners who rent at affordable prices.
Among others and as part of the objective of increasing the social housing stock, he pointed out that Casa 47, the public housing company, is going to acquire "thousands of properties" from Social Security to allocate them to housing, as he had mentioned in the decrees that fell last Friday in Congress. In this section, it includes 280 million in guarantees to promote the industrialized construction of housing to "increase supply in a short period of time" and 400 million for social housing providers, which is another of the measures reinforced in the royal decree.
Housing sources have detailed that another reinforced measure is the regulation of advertising, promotion and supply of housing rentals. This must include the reference index for the rental price of housing, the rent limit applicable in areas subject to legal limitation, as well as the landlord's status as a large holder, when applicable. To protect small landowners, the regulatory framework regarding evictions is maintained with respect to the previous text, and the payment, by administrations, of possible procedural costs and default interest is incorporated, where applicable.
In a new royal decree, Sánchez maintains the extension of up to two years of the contracts "of those who are up to date with payments and limiting the increase in rent." In the second, the automatic extension is maintained and the President of the Government has admitted that there is no parliamentary majority for it to be approved, so its entry into force will be when the royal decree is validated in the Permanent Deputation.
Sánchez has defended that they are "common sense" measures that protect the vulnerable and bring order to a dysfunctional market in which there is a lot of speculation and has asked the political groups to validate these decrees in the Permanent Deputation with their votes, since "we are talking about a question of humanity."
Among other measures that have stood out is the objective of combating speculation and regulating seasonal and room rentals. It tightens and limits the purchase of housing by "vulture funds", expanding its definition and conditions to exceptions. In addition, it links the SOCIMI tax benefits to affordable rent and forces tourist apartments to be taxed as "what they are. A business."
AI outlook — possibilities, not facts
Validation of decrees in the Permanent Deputation
Possible · Within weeks

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