El plan de vivienda de Feijóo: rebajas fiscales, Ley del Suelo y 'desokupaciones' exprés

Alberto Núñez Feijóo, leader of the Spanish People's Party (PP), unveiled his housing plan during a recent event in Seville, aimed at addressing the country's pressing housing crisis. The PP leader is committed to constructing a million homes in the upcoming legislative term, and he intends to push for the approval of the 'Ley del Suelo' (soil law) that has been stalled in the Spanish Congress.

Feijóo also plans to make the entire available land accessible for new housing projects, addressing the growing residential deficit of over 100,000 units annually, which could exceed one million by 2028, according to recent figures from the Bank of Spain.

Feijóo asserted that tackling the housing crisis is "the most urgent and impactful change our country needs." He further proposed involving regional presidents and the Spanish Federation of Municipalities and Provinces (FEMP) in the process of releasing land for new construction projects. In line with his 'contract for Spain,' Feijóo pledged to introduce "the greatest assistance in history" for young individuals purchasing their first home, offering loans up to 100% of the property value and reducing VAT and the Property Transfers Tax (ITP) by 60% for individuals under 40 years old.

Additionally, he revisited his earlier proposal for a special savings account for this demographic, which would be exempt from taxes, with earnings used to aid first-time home purchases.

The PP party anticipates that these measures will reduce taxes by an estimated 25,000 euros for a 40-year-old who buys a 250,000-euro property after five years of work and would save 50,000 euros for their first mortgage payment. In parallel, Feijóo's plan aims to desoccupate 'okupas' (unauthorized occupants) within 48 hours, which he believes will stimulate the rental market.

He explained that a property owner feeling secure will be more likely to rent out their property, resulting in increased rental supply and more favorable rental prices for tenants. The housing policies are expected to be at the forefront of the PP's campaign during the upcoming general elections on November 29th, with the party's director of campaigns, Miguel Tellado, sending an ironic letter to the PSOE’s headquarters, demanding a direct confrontation between Socialists' Minister of Housing, Isabel Rodríguez, and the PP's Vice Secretary of Finance and Housing, Juan Bravo.