The Opposition Party counter Sanchez

The opposition People's Party (PP) in Spain has unveiled a comprehensive strategy to address the country’s housing crisis, articulated through the Asturias Declaration. This policy announcement, presented at a summit in Asturias, underscores the PP's approach to creating pragmatic solutions aimed at housing affordability, increasing housing supply, and reducing bureaucratic barriers, all while maintaining a climate conducive to foreign investment in the construction sector.

A proposed cut to 4% for buyers under 40.

Focused on investments in primary residences, energy-efficient improvements, and rentals to specific demographic groups.

Guarantee programs for young buyers to secure 100% mortgage financing.

Mobilization of public land through public-private partnerships.

Incentives for property owners to release vacant homes into the rental market with safeguards against non-payment.

 

Repeal of the Sánchez government’s Housing Law, seen by the PP as too lenient on illegal occupiers.

New legislation to allow expedited 24-hour evictions and stricter penalties for squatting.

 

Repeal of rent control measures, which the PP argues distort market dynamics.

 

Faster urban planning approvals and reduced administrative red tape.

 

The PP did not shy away from critiquing the policies of Prime Minister Pedro Sánchez and his Socialist government (PSOE), alleging mismanagement and authoritarian tendencies. PP leader Alberto Núñez Feijóo emphasized that the current administration’s rent control measures and housing policies have aggravated the housing crisis rather than alleviated it.

 

The Asturias Declaration positions the PP as a viable alternative for addressing housing concerns and broader national issues. By combining measures to support young buyers, attract investment, and ensure legal protections for property owners, the PP seeks to differentiate itself with a more market-driven and investment-friendly approach compared to the current government.

This development highlights an ongoing debate in Spain over the balance between social housing policies and market-driven solutions, with significant implications for voters, investors, and the broader real estate market.

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