Access to housing, whether owned or rented, has become one of the biggest concerns at a social level. The latest barometer of the Centre for Sociological Research (CIS) shows that Spaniards perceive it as the second major problem in the country.
In this context, the creation of a public housing company was recently announced. Its purpose, in the words of the President of the Government, Pedro Sánchez, is to build and manage housing from the General State Administration.
Keys to the Public Housing Company Project
The objective is ambitious, even more so in a scenario where there is a shortage of public rental housing, a lack of new housing construction and forecasts indicating that prices will continue rising.
The public housing company will have Sepes, the Public Business Entity for Land, as its parent company. It'll require a transformation process to take steps in the indicated direction. The actions proposed have a very different character:
•Reinforce the current Sepes budget.
• Increase the resources of the Recovery Plan.
• Increase public funding through the ICO and the European Investment Bank.
• Put Sareb's housing stock at its disposal.
With these guidelines, the public housing company would carry out actions in all areas, from land to construction, management of the public housing stock or the acquisition of other homes to increase it.
It aims to promote and bring on the market a sufficient number of affordable homes to resolve, as far as possible, this housing deficit that has worsened in Spain in recent years.
Challenges that the public housing company will face
We still don't know how the public housing company will function. The details are unknown. However, experts have expressed some doubts and obstacles that will have to be overcome.
Firstly, to clarify the necessary resources and an adequate legal framework for the public housing company to achieve the goals set. Besides, we must add the need for highly qualified teams to develop the projects with guarantees.
Another possible obstacle would be jurisdiction because the autonomous communities have transferred the power in terms of housing. The management model and the time needed to have this public housing stock are other issues that also generate doubts.
There is no date for the creation of the public housing company. Nevertheless, it could become a reality shortly as no parliamentary procedure or agreement of the Council of Ministers is necessary. In any case, its effects would still take time.
Regardless of how it goes, if you are looking for housing for sale or rent and don't want to wait to see how the market evolves, go to Spainhouses.net to find your future home fast and easy.