The Housing Law is reducing the supply of rental apartments, according to ANA — idealista/news

by time news

2023-10-24 15:58:44

Las limitations that the new Housing Law imposes on large holders is reducing the supply of rental housing, since it generates “uncertainty and insecurity in large owners and, consequently, reduces the supply of rental housing, as they have warned from the Rental Negotiating Agency (ANA).

He general director of ANA, José Ramón Zurdohas assured that there is a “scare” of real estate developers and investors towards other types of constructions or rental modalities that are more profitable than housing rentals.

A trend that will cause the supply to be reduced further, because developers, investors and lessors, in general, will look for other more flexible formulas to make your investments and savings profitablewhich will cause and is causing rental prices, in the face of very high demand, “to not stop rising.”

“It cannot be said on the one hand that there is no supply of rental housing and that this must be promoted, when on the other hand, most of the measures that are being adopted are punishing the only ones who can increase the supply, expelling them. of the sector,” he criticized.

On the other hand, the general director of ANA has described as “mandatory transfers” that the current regulations require promoters and builders, without having modified the price of the subsidized housing modules, to allocate 40% of their promotions for subsidized housing. (20% in unconsolidated urban land), and within these percentages 50% for affordable rentals.

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