Home Improvement and Real Estate

The solution, paradoxically, goes to revive the property sector that dragged the economy into the fall and is now the latter who should act as a locomotive of the same again.

The crisis has put on the table the weakness of the Spanish economy and, paradoxically, the only sector with sufficient capacity to pull it and to overcome the crisis is real estate, since the other sectors are supportive of it, but no capacity to cause a positive and sustainable growth over time. And obviously no ability to absorb the volume as high unemployment we have, almost five million.

The raft of proposals have been submitted by the Association to D. José Blanco collected including liquidating the “housing stock” currently existing, being possible the relocation of much of that stop by the sale in other countries, given the tourist attraction that generates our country, posing as a unique opportunity to purchase a house Vacation in Spain a very attractive price.

Another aspect that the crisis has put on the table is the need for government intervention in the economy. Liberal countries as the United States have been the first to act in this regard. It is vital, has indicated the President D. José María García Gutiérrez these homes provide a special protection scheme that allows them to buy many favorable conditions for the buyers: low prices (not realistic to put on the market at the prices they had before the crisis, should be reduce between 40 and 50%), very favorable financing conditions .. etc.

It would be quite interesting to redefine a system of semi-public housing (as is common in some countries such as England) by agreement between the owners and the state. The semi-public housing system is unparalleled in our country, but it would be very useful in this case and open up new prospects for cooperation between companies, banks and the state in the future to boost the sector.

The present Law is to establish a legal utopia at all costs want to set up a system of objective values that deviate from reality, the values determined by the market. This creates considerable uncertainty for all stakeholders, including banks.

It is essential to start the engine of the Spanish economy, real estate, for the money and capital flow again. It is the only sector with sufficient capacity to drag on other sectors in order to achieve high economic growth to absorb the 5 million unemployed that currently exist.

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