will generate legal uncertainty and scare away investment

Large companies in the real estate sector are positioning themselves against the pact reached between the PSOE and the Catalan independence groups (Junts and ERC) that will foreseeably allow the re-election of Pedro Sánchez as president of the Government, and that contemplates an amnesty for those accused of the ‘procés’ as the main point of agreement. The Association of Real Estate Consultants, ACI, has been forceful and has expressed its concern about measures that could lead to a loss “significant level of legal certainty, democratic quality and investor confidence“.

The association – which includes the country’s main real estate consultancies such as BNP Paribas Real Estate, Catella, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank and Savills – maintains that these measures will have negative repercussions on the Spanish economyaffecting the “perception of stability and transparency that are essential to attract and retain investments.”

Likewise, ACI expresses its “respect for the democratic principles and values ​​enshrined in the Spanish Constitution”; and support the division of powers as a “guarantee of the rights recognized in the Magna Carta.”

Other companies in the sector have also raised their voices against the future Government. This is the case of Rental Insurance, which depicts a Legislature marked by “uncertainty.” “A Government made up of so many groups and with different ideas is going to generate a conflict in terms of housing and in other areas,” said Antonio Carroza, CEO and founder of Seguro Rental. The manager believes that the future Executive will continue to apply and approve measures that attack the homeowner, the large holder, and that will discourage investment. “Unfortunately, this is what we have been experiencing for the last five years,” he said. He was especially critical of the housing law approved at the end of May. Carroza believes that it responds to populist interests and that it is generating a lack of security and scaring away investment.

Housing, priority for the Government

For weeks now, the acting Government has been repeating the message that housing will be the fundamental axis of the next Legislature. The last to speak out was the Minister of Transport, Mobility and Urban Agenda, Raquel Sánchez, who promised that housing policy will be a priority of the State and the housing law can be developed to the maximum. “We have laid the foundations for housing to be the fifth pillar of the Welfare State,” she said.

Regarding public housing, he claimed that they have implemented many measures to increase the public housing stock and thus respond to the majority of citizens, especially young people.

Tom Roeser Staff

Tom Roeser Staff

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