Urgent.News

What's breaking now, across thousands of outlets.

Business

Juan Bravo: "El PP derogará toda la intervención del Gobierno sobre la vivienda"

El PP promete generar un millón de viviendas en la próxima legislatura agilizando trámites, liberando suelo, reduciendo impuestos y atrayendo trabajadores. Leer

Original Spanish Read in English

Juan Bravo, a key economic figure for the Partido Popular (PP) in the upcoming elections, has outlined a plan to generate a million new homes in the next legislative term. This includes speeding up procedures, freeing up land, reducing taxes, and attracting workers. The party intends to tackle the housing crisis by building a million homes during the term, through measures like streamlining land processes and accepting "positive silence" where companies can start new projects despite delays in administrative approvals.

Additionally, the party plans to reduce the size of new developments and convert commercial spaces into residential units. To make homes more affordable, the PP proposes lowering VAT from 10% to 4% and allowing tax payments with mortgage installments. They also propose creating a "young saver" program for individuals aged 18-40 to build their savings before purchasing a home.

In the rental sector, the PP aims to eliminate forced renewals and instead offer incentives for landlords who extend leases for three years with rent increases below the consumer price index (CPI). The party also aims to modify the law to allow landlords to evict unauthorized occupants within 48 hours, facing opposition from the Junts, PNV, and Vox parties.

Bravo asserts that the current pension system is unsustainable and proposes increasing private savings for retirement, with the goal of raising the contribution limit to around 4,000-5,000 euros.

Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

Two Sabadell advisers reinvested TSB dividend

Only a minority of the members of Sabadell's top team reinvested part of the super-dividend of 50 cents paid in May in shares of the bank. These include Lluís Deulofeu, president of the Cellnex Foundation, who bought 35,411 shares in June.

More from Sunday 1 November →