Podemos proposes extending the duration of rentals to 10 years and limiting tourist homes to 2%
Podemos presented a bill this Saturday against real estate speculation and with measures to guarantee housing as a right in the face of the “serious housing emergency” that Spain is going through.
Specifically, the purple training has presented as its main legal axes the extension to 10 years of the minimum duration of the rental contracts (12 years in the event that the owner is a legal entity) and the imposition of a 2% limit on tourist homes of the total residential supply.
Podemos has stated that the housing situation in Spain has worsened due to the interest rate increases by the European Central Bank (ECB), which are now at 4.5%, the purchases of real estate by ‘vulture funds’ and the proliferation of tourist rentals.
Likewise, from the training they have argued that this proposal is inspired by a Dutch lawspecifically, the Temporary Purchase and Rental Protection Law, approved in 2022 and which “has managed to reduce speculative operations.”
Linked to this legal initiative, Podemos has demanded that the Government of Pedro Sánchez “act immediately” to guarantee a constitutional right and to “tackle the housing crisis that is drowning millions of families.
On the other hand, the proposal also includes as measures the rental price freeze throughout the legislature, the authorization for local entities to prohibit the purchase of homes when it is for purposes other than residence and the imposition of a tax to avoid flipping (short-term speculative purchase and sale operations).
In addition, Podemos intends to establish the obligation for large holders to withdraw social rent 50% of its properties; In the case of Sareb (known as the ‘bad bank’), this percentage would increase to 75%.
