Funds freeze investments in Spain due to housing decrees
Managers and promoters warn that uncertainty generates a "perfect storm" with a paralysis of financing, new developments and rental contracts.
Real estate investment managers and promoters in Spain are warning of a "perfect storm" caused by regulatory uncertainty, resulting in a halt in financing, new developments, and rental contracts. Azora has €1,000 million available for investment, but its plans depend on future developments. The Spanish government's recent measures, including a two-year extension of certain rental contracts and restrictions on corporate property purchases, have added to investor uncertainty ahead of the November 29 elections.
Industry leaders are calling for a 15-year state pact on housing to ensure stable rules and long-term investment horizons.
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.
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