June 13, 2021

Asval exceeds 3,000 associates in one year and sets the goal of 10,000 in the coming years


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The Rental Homeowners Association (Asval) has exceeded 3,000 associates in one year and has set the goal of reaching 10,000 in the coming years, as stated in a statement after holding its first General Assembly on the occasion of its first anniversary.

To achieve the goal of 10,000 associates, it is working on signing agreements and entities “that offer added value to its associations and allow it to continue growing as a benchmark institution in the rental market.”

The president of Asval, Joan Clos, has stated that Asval seeks to bring together all the players in the rental housing sector. In addition, he stressed that he works to provide solutions “to the underlying problem of the lack of supply of rental housing.”

“We are committed to providing the rental market with greater legal certainty, transparency and consensus to undertake the reforms it needs for its development and professionalization”, according to Clos.

Asval has recalled that it proposes to create a public fund of direct aid of 700 million euros to help vulnerable groups to meet their rents and that their effort does not exceed 30% of their income.

“In this way, it would be possible to face the social emergency that many tenants are experiencing due to the economic crisis generated by the pandemic and, at the same time, support thousands of owners who have seen how defaults have tripled from 5 to 15% since exploded the Covid“, According to the Association.

Long-term, Asval promotes the creation of an affordable rental housing stock that will make it possible to end the supply shortage, especially social rental, which barely represents 2.5% of the total.

The CEO of Asval, Beatriz Toribio, explained that the Association’s work is focused on defending the rights and interests of rental home owners, but also on the development of this market in Spain.

«We need a rental market with greater supply, more professionalized, modernized and transparent to respond to the increase in demand that we will experience after the crisis of Covid“, has added.

The association began its journey with important companies in the sector such as Testa, Albirana, Aedas, Iante, Tectum and The Golden Key. Throughout this year others have been added, such as Neinor, Servihabitat, Promur, Q Living and Socimis like Elix Vintage, Global Pielago or Nuprosa, among others, in addition to the Idealista and Fotocasa real estate portals, and sector associations such as APCE (Association of Promoters and Builders of Spain). In this way, Asval represents a portfolio that exceeds 45,000 homes in total.

Asval A new goal has been set to add 10,000 more members in the coming years. For this, it is working on signing agreements with entities and associations that offer added value to its associates and allow it to continue growing as a benchmark institution in the rental market.

“We are ambitious because we seek to bring together all the players in the rental housing sector. Despite being founded in the middle of the pandemic, we are already the benchmark in the sector with a significant representation of individuals and the main professional owners. Together we work to provide solutions to the underlying problem – the lack of supply of rental housing. We are committed to providing the rental market with greater legal certainty, transparency and consensus to undertake the reforms it needs for its development and professionalization “, he explains Joan Clos, President of Asval.

Asval was born with the aim of promoting rental in Spain to improve accessibility to housing for Spaniards and to achieve, in the medium term, the standards of the most advanced countries in the world. European Union in terms of rent.

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