Idealista asks for public aid to reform and rent old and empty houses

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The head of studies at Idealista, Fernando Encinar, has proposed that the State create a public stock market of empty, old houses, without reforming and out of the market to subsidize their repair and that they can return to the offer in exchange for tenant leases for up to 15 years.

Encinar said that "the majority" of empty homes in Madrid are real estate from the 60's and that they need renovating before being put on the market again.

With regard to Madrid, Encinar has also affirmed at the Real Estate Exhibition (SIMA) that during the last administration in the Town Hall "an error was made thinking that no more houses would be needed".

He has defended the need to build to contain prices, and has opined, in that sense, that "there is no need to link construction with pelotazo or speculation".

The head of studies of Idealista has opined that Madrid, Barcelona, ​​the coast and some provincial capitals of Andalusia are the areas where the growth of prices "is showing that more housing will be needed".

He added that the two Castillas and Extremadura are the regions where the demand "is even descending".

Regarding the SIMA that develops in Ifema, it has considered that it supposes a "sample of the normalization of the sector," and has predicted that the products stars of the fair will be the new house in Madrid and the second residence of coast. 

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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