In the latest issue of the "Corner of Real Estate", organized by the publication Estrategias de Inversión, the topic of affordable housing and affordable rental real estate in Spain was raised. Affordable, or social, housing is a painful topic for the country. For many regions of the country, the presence of an extensive market for such real estate seems to be something impossible.
Ricardo Sousa (CEO of Century 21 Agency), Gloria Folch (Director of the Social Fund Advero Properties), Jaume Borras (Business Director at Culmia), as well as Sandra Daza - CEO of GESVALT gathered at the Corner round table. Experts pointed out that the Spanish housing market has prospects for social development. It is enough to look beyond the major provincial capitals and cities like the capital Madrid or Barcelona.
Indeed, the current macroeconomic situation leads to the emergence of a number of problems and points of instability in the residential real estate market in Spain. According to all forecasts, prices will continue to rise, supply does not keep pace with demand and is rapidly declining, rental rates are rising, as are interest rates on mortgage lending. The atmosphere of uncertainty is hard not to notice and most of all what is happening affects the most vulnerable segments of the Spanish population, who, in fact, were cut off from the market.
According to experts, stable and healthy development of the Spanish construction sector will be impossible to achieve without solving the problem of social housing and providing as many people as possible with a roof over their heads. Ricardo Souza, among the key solutions for the situation, calls cooperation between the public and private sectors.
He points to this, in view of the failure of the unilateral policy of the government of the country to impose the norms of social construction on companies in the sector, such as the "30% rule" for residential complexes. The private sector is ready to work on the problem of social housing, but it also has problems that the state neglects to solve. For example, for several years, representatives of the sector have been trying to force the authorities to deal with regulations and laws to combat squatting.
According to experts, the private sector needs to have clear ideas about the action plans of the country's authorities, be able to draw up their business plans and calculate production with income accordingly. This cannot be achieved in the current situation if the state is not ready to stand on the same level with business and start full-fledged cooperation.