Relief in the real estate sector, with caution over the risk of further decline in rental supply
Real estate experts consulted by this newspaper welcome the repeal of the two housing decrees, although they warn of the damage that the chaos caused by the housing crisis could lead to a drop in rental offers from small owners.
Experts in Spain's real estate sector have welcomed the repeal of two housing decrees, but warn that the uncertainty caused by the housing crisis could lead to a decrease in rental properties offered by small owners. Over 90% of property owners in Spain are small landlords who manage their properties themselves and may seek alternative investments due to the current uncertainty.
The instability in the market is expected to have consequences on investment and the creation of new housing supply, at a time when Spain needs to mobilize significant public and private investment to address the housing shortage. The sector agrees that the key to containing housing prices is to increase the available supply and avoid incentives that reduce it.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
