This idea has been talked about on the forum in the past as a possible solution for properties sitting unsold due to overdevelopment.
It now looks like in Valencia, the Generalitat regional government is looking at this idea, suggesting a change in housing regulations which would allow them to sell unsold properties in the region as VPO assisted or council housing.
It’s estimated that there are as many as 50,000 properties which could be used in such a way in the region.
The Generalitat wants to try the idea with an initial 10,000 properties and the method would see them falling in price as part of the VPO scheme by some 15,000 €.
Beatriz Corredor, the new Housing Minister, met yesterday with The Regional Councillor for Housing to talk about the plan.
He said the properties would only be made available to those who are resident in the Valencia region and who earn as much as 45,000 € a year. Currently VPO is only open to those who earn, in Alicante for example, 20,000 € a year.
@Last week Shakeel wrote:
Spain’s new Housing minister, Beatriz Corredor, has now come up with a plan to tackle the crisis facing the construction industry that she will present to Economy minister, Pedro Solbes, later this week.
We now know what Beatriz’s plan was, maybe she’s been reading SPI. 😉
This has also been discussed on the Costa de La Luz. A large development near Ayamonte built by Fadesa(?) has many unsold units. Nice crafty way to aid the Developers. 😉
This website uses cookies to improve your experience. If you continue to use the website you agree to our use of cookies. You can find out more here. Accept
Cookies
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.