What benefits will European funds bring to the real estate sector?

What benefits will European funds bring to the real estate sector?

The European Union has given the go-ahead for the implementation of the Spanish recovery plan, according to which the country will receive the first 9 billion euros out of a total of 140 billion at the end of July or early August, of which 70 billion are non-refundable.

Part of this money will be directed to the real estate and construction sector, to repair housing, as well as to improve energy efficiency.

Carolina Roca, vice president of ASPRIMA, confirms the need for the sector to receive this economic support to overcome the great crisis: "This is crucial for the goals of urban planning, rehabilitation and regeneration, as well as the energy efficiency of our buildings." She assures that European funds are not enough.

"We clearly understand that the contribution that comes from European funds should become a catalyst for attracting private investment, for the restoration and revival of the city," adds Roca.

María Ángeles Asenjo, director of the international department of CNC, emphasizes the importance of the real estate and construction sector for the country: "This sector is an excellent generator of jobs and can make a very significant contribution to economic growth."

As for the actions that the European Union, and in particular Spain, have planned for these funds, María Ángeles Asenjo assured: "The actions included in the recovery plan, as far as the sector is concerned, are aimed at making a significant contribution to the main goals and objectives facing the European Union as a whole. In order to make progress towards achieving these goals, from the point of view of climate and the environment, restoration is the main goal."

In addition, Consuelo Villanueva, director of institutions and key clients at Sociedad de Tasación, emphasizes the social and economic impact that this sector has, without forgetting about the environment, which is vital within the framework of the goals of the European funds: "This is a great opportunity, and I am sure that the sector will cope with the upcoming challenge. This is the push that will help launch the world of private investment."

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