Minden Real Estate

Business Updates for the Real Estate Industry

Spain Ministry Of Housing

Here is the news: the government under Zapatero thunderous applause of the Spanish people eliminated the Ministry of Housing of Spain. As it turned out, Zapatero himself has given birth this ministry, he and "bury" it. Ministry engaged in untruthful advertising, media supplied inaccurate information about the property market in Spain. For example, at the beginning of the crisis ministry officials shouted that there was a collapse in prices, and it's time to buy Spanish property. But in practice, prices actively going down every day. The Ministry was unable to sell the apartments built in Spain, organized, therefore, the "warehouse" housing, which according to various estimates range from 700,000 to 1 million apartment. Today, the authorities begin funding the housing sector, but fear that is not sold "stocks", the agony in the construction sector could end badly for the entire economy of Spain.

Ex-President of the Spanish housing department, we can say parent ministry, his "mother" Maria Antonia Trujillo, who left in 2007, his brainchild, and now works as chairman of the Commission on the Environment, Agriculture and Fisheries, in El Pais interview said that Zapatero had made the right decision on the liquidation of the ministry. She stressed that the crisis of housing sector is rampant, and authorities need to take these positive steps, that in the near future to sell the unsold apartments, and at the same time revive the housing. If today's new building in the square meter is worth 2500 euros, you must provide a loan at 2%, and sell homes. Maria Antonia Trujillo said that when she worked in the ministry, it has made many proposals, which were not accepted! And this is the priority measures, such as equalization of tax breaks for renters and buyers Real estate in Spain. Today everyone knows that land and housing in various stages of the purchase and registration are subject to the 107-th kinds of taxes.

Buyers need to be interested in acquiring the benefits of the second and subsequent homes. Maria Anthony Trujillo believes that it is necessary to focus on rental housing authorities, it is beneficial in terms of geographical mobility. In this case, you will need a fundamental change in the course of housing policy. Concluding, we emphasize that the government of Zapatero takes drastic measures to the housing sector in Spain has fallen off below, and hence property prices in Spain or freeze at current levels or slightly grow up to fly.