Fotocasa Pro Conference Day
Updated Thursday, 16 September 2021 – 19:05
Fotocasa Pro Conference Conference, this Thursday in Madrid.
“The great pending issue in the real estate sector is to facilitate access to housing for all people and for that to be possible more public-private collaboration is needed, generating great political consensus and a desire for understanding and respect between all parties.” In this way I summarize Anna Gener, CEO of Savills Aguirre Newman, some of the keys to face the difficulties of access to housing that occur in Spain.
This matter has been one of the central axes of the conference Fotocasa Pro Conference organized by the real estate portal Fotocasa to address the reality of the real estate and residential landscape in Spain before the beginning of the recovery after the stoppage due to the coronavirus.
Gener has emphasized the need for administrations and private companies to assume their respective roles to provide solutions that alleviate the pressure on the market in Spain. On the side of the Government and the public powers, Gener has demanded measures that guarantee “legal security and protection against occupation and defaults”, while the private sector, the directive has suggested that it accept “more limited returns” in shared projects to achieve medium and long-term solutions.
The glove that the head of Savills Aguirre Newman has thrown was picked up minutes later by the Secretary General of Agenda Urbana, David lucas, who in his intervention to close the session has assured that from the Government “we are in favor of collaborating, encouraging and making possible understanding with the private sector.”
Lucas has also admitted being aware that the current public stock of rental housing, with just 290,000 properties available, is insufficient to cover the growing demand in the country and “public-private collaboration is necessary to achieve it.”
On the day, which has been led by the presenter Santi Milln and has had participants such as Juan Jos Delgado, chief digital officer of Estrella de Galicia, Alicia Asn, cor the founder and CEO of Libelium, or the Olympic medalist Jos Luis Down “Pirri”, The main representatives of the sector have gathered to reflect on the stage in which the market is.
“There is a disconnect between supply and demand and that explains the price pull that we are seeing and that is given, above all, by new construction,” he said. Judit Montoriol, CaixaBank Research economist.
Daniel Cuervo, General Director of the Association of Real Estate Promoters of Madrid (Asprima), has focused on how the delay in the granting of licenses affects the development and, by extension, the increase in supply. “It takes between 12 and 14 months for them to give us a permit to build and it is too long a period. We need the Administration to digitize and streamline this type of process.”
The Economist Rafael Bernardos, for his part, has pointed out that the rise in the SMI foreseen by the Government “will make many people in many cities that are not Madrid or Barcelona consider buying”, so the risk is transferred to the financial side. “Most of the banks are betting bestially on housing and I do not rule out that entities may go back to doing a lot. We are in the prologue of a real estate boom and I hope it does not become a new bubble.”
Young people and the market
Fotocasa has taken advantage of the event to present a new wave of the report Young people and the housing market in 2021 to thoroughly analyze the changes that the pandemic has brought in this regard. Among other conclusions, the study highlights that 42% of young people between 18 and 34 years old have carried out some action in the housing market during the last twelve months.
“These data show that the pandemic has not curbed the aspirations of our young people and that even at a time of market turmoil in which access to housing is becoming increasingly difficult for them, they continue their search in the hope of finding good It is for this reason that the real estate sector, in collaboration with the public administration, must commit to responding to this demand by promoting affordable housing for this group “. Mara Matos, Director of Studies and spokesperson for Fotocasa.
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