Rental of apartments and more professionalization of all the agents: recipes for the future of real estate sector in Spain (according to the experts)

Rental of apartments and more professionalization of all the agents: recipes in the future for real estate sector in Spain. Some experts and professionals of this sector are studying which aspects will be decisives in the real estate market during the following years: all the experts think that will succeed the companies that want to have more professionalization in it's management and that rental of apartments will reach an extraordinary importance in Spain. Once again, all the experts' opinion is that the rental boom in Spain is going to consolidate.
 

The new Spanish Plan 2013-2106 on the promotion of rentals and rehabilitation of buildings has been passed

The new Spanish Plan 2013-2106 on the promotion of rentals has been recently passed. The 10th of April the "Boletín Oficial del Estado" published the Royal Degree 233/2013, of 5th of April, aimed to regulate the before mentioned Plan which objective is promoting the rental of apartments market and rehabilitation of buildings. This Plan includes a new program that permits the Public Administration the creation of a public system of apartment for rent.

 

New idea from the Spanish Government aimed to promote the rental of apartments: now, it has been created the "Fondo Social de Viviendas"

New organism has been created by the Spanish Government aimed to promote the rental of apartments: last week it was formally founded the "Fondo Social de Viviendas". It is a group of 6000 apartments, that will be available to be rented by the people who have suffered an eviction (these apartments have been provided to that organism by the banks). Therefore, the Spanish Government is going to use the rental as an instrument for solving the abandonment situation of lots of families.

 

Uncertainty over the future of Government aid for the renting of flats (RBE) affects many people

Government aid for the renting of flats faces an uncertain future. Since it was set up in 2012, there have been continuous reports about whether or not the Government was going to scrap RBE. The fact is that at CASSANA - RENTAL SPECIALISTS we have detected the confusion surrounding this issue at the present time.

 

Property rental becomes firmly established in Spain (in 10 years 1 million more properties rented)

Property rental becomes firmly established in Spain. The recent years of economic crisis have finally established renting as a real alternative to property ownership. But, how has all this affected the market? Have prices fallen or risen?

 

Lower IVA from 16 to 7% for rentals with option to buy

Pressure from the real estate sector has forced the Treasury Department to consider lowering the IVA tax from 16 to 7 percent for tenants with rental contracts including options to buy, said Cinco Días.

 

Will legal changes boost the rental market?

According to El Boletín, in a debate on the Law Project in Congress, Minister Beatriz Corredor said, "the proposed law offers considerable and reasonable solutions for owners of rental properties in resolving, without undue delay, rental conflicts, while recalling that a strong climate of trust would help reduce the often excessive guarantees, endorsements, and deposits asked of tenants."

 

Real estate owners, pay attention! From June 1st, in order to rent or sell an apartment we should obtain an energy efficiency certification

From the first of June, every owner that wants to rent or sell his/her own apartment will need to previously obtain an energy efficiency certification. This certification should be delivered to the buyer or tenant of the apartment. This obligation will have an affect on the flats and houses now available to be rented or sold. This obligation will not apply to the contracts that could be signed before May 30th.

 

Spanish government is planning to create a Register of tenants that do not pay, the measure is aimed to promote the rental of apartments

The Spanish government is planning to create a Register of bad tenants, a public list with the complete name of the tenats that do not pay the rent of their apartment. This measure, has been requested from various sectors for a long time in order to promote the rentals, is included in a proposal of the Spanish "Ministerio de Fomento" for modifying the Draft of Spanish Law for Rental Market Flexibility. The content of the above mentioned Draft of Law has been documented since 2012 August, even though it does not seem it is going to be passed in the near future.

 

Modifications on the German Rentals Law in order to control the rising of prices

Modifications on the German Rentals Law in order to control the rising of prices. Germany has recently modified the German Urban Rentals Law in order to control the increasing of prices (we can see that also in Spain is now changing the Spanish Rentals Law). Furthermore, this legal modification will try to protect  the owners of apartments that are now suffering from tenants that usually do not pay the rental price and provoke damages on the apartments.

 

Renting a flat emerges as an alternative possibility within the real-estate sector

Renting a flat has emerged as an alternative possibility within the real-estate sector. According to analysts and experts in this field, there is a bright future for the renting of flats and this is gradually approaching European levels (in France or Germany, for the sake of example, almost one half of families live in rented accommodation).

 

Expert Economists Advocate Strengthening Rentals

Economists of the Spanish Studies in Applied Economics Foundation, FEDEA, have published an interesting study reported in many media sources titled "For a Rental Market that Works: A Proposal for Structural Reform."
 

Construction contractors not profiting from rentals

Hopes for contractors to profit from the rental market have been dashed, said El País Negocios on March 15, 2009.
 

BBVA says it is better to rent than to buy an apartment

According to a recent BBVA report, today's economic conditions are less favourable to home buying than they were a few months ago. Restrictions on credit, expectations of drops in property prices, and an oversupply of housing now tilt the balance of buying versus renting a home in favour of renting.