The Spanish Government has included in its Fiscal and Structural Plan 2025-2028, sent to the European Commission, several measures to increase the supply of affordable housing. These include the creation of an ICO fund to invest in affordable properties through public-private collaboration, the transfer of public land to private developers, and the establishment of a registry of short-term rentals to prevent fraud. In addition, ICO loan lines and guarantees will be promoted to develop social and affordable rental housing, with a total investment of 6,000 million euros. These initiatives seek to balance public revenues and expenditures and comply with the new EU economic and fiscal governance framework.
The measures proposed by the Government appear to be a comprehensive approach to addressing the lack of affordable housing in Spain. The creation of an ICO fund to invest in affordable real estate through public-private collaboration is a promising strategy, as it combines public and private resources to maximize impact. The transfer of public land to private developers can also accelerate housing construction, while the registration of short-term rentals could help regulate the market and prevent fraud.
However, the effectiveness of these measures will depend on their implementation and the collaboration between the different parties involved. It is crucial that funds and resources are managed transparently and efficiently to achieve the proposed objectives.
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