The sector warns that the rent rule will paralyze the market
MadridUpdated:
The Government has set itself the objective of including the rent reform in this package of measures that will lead, in an "in extremis" way, to the Permanent Deputation of the Congress. The Executive will approve predictably in the Council of Ministers of this Friday a real decree that will gather initiatives like limiting the increases of the rents to the IPC, extend the period of contracts to five years and charge the owner the costs of real estate if this is a legal entity. A norm elaborated almost alimón with Podemos and that has been harshly criticized by the real estate sector.
Sources of the purple formation, that knocked down the first reform of the rent in the Congress not to gather measures to control the prices, are inclined to allow now that the decree-law transacts if the measures negotiated until now are included. «You can not exhaust the legislature without improvements in the matter», they say. Yesterday, the Minister of Public Works, José Luis Ábalos, advocated in Congress to resolve "urgent needs" in the area of housing, but with "viable" measures.
The new decree opens the door to elaborate state and autonomous reference price indices. But since Unidos Podemos say that there is still no proposal for a change in the leases law that effectively regulates prices effectively.
In addition, the training highlights that a transitory provision is not included in order to apply the improvements achieved to existing contracts, nor a housing guarantee for people at risk of exclusion. Therefore, they criticize that the Government has been "cowardly", although they value that they are not in favor of rejecting the rule because of "pride" because first of all they want to act responsibly.
Three standards in three months
The negotiation, however, goes beyond the purple formation, the conversations are still open with the PDECat, PNV and ERC, whose support seems indispensable for the initiative to go ahead.
The rule has not been slow in awakening misgivings among the giants of the real estate sector. Claudio Boada, head of Blackstone in Spain and Portugal, said yesterday that the decree will reduce supply and "paralyze" the market. In addition, the director stressed that Spain becomes "one of the most restrictive markets in Europe" after the reform.
From Blackstone they also referred to the «Legal insecurity» that prevails in the rental market, which will have been subject to three different legislations in the last three months if the decree finally goes ahead. «Every new regulation on the rental market requires a rigorous sector analysis and debate among all operators of market, objective that does not fulfill a royal decree a few days before the dissolution of the Chambers », adds the head of Blackstone in Spain.
Not only the investment fund, to which we can attribute the responsibility that the rental prices have risen strongly, criticized yesterday the last normative gavel of the Government. The Association of Realtors with Assets for Rent (Asipa) announced that it has sent a letter to all the parliamentary groups in which it expresses its "deep concern and warning of the negative effects" that this rule may have. The association highlighted in the same way that «More than 10 million citizens they live on rent and more than 4 million saving families have a supplement to their income in this market ».
