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Mitma’s 20,000 Home Plan is Insufficient, According to Estate Agents

The secretary for the General Council of the Official Colleges of APIs, assures that "Spain has to stop performing at the tail-end of Europe in this matter" and the 20,000 Home Plan is "insufficient".

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The Ministry of Transport, Mobility and the Urban Agenda’s (Mitma) 20,000 Home Plan, which aims to create a public stock of rental housing at affordable prices in Spain, looks to be closer to becoming a reality. Just two weeks ago, the Minister for the Urban Agenda, José Luis Ábalos, unveiled a project that aims to bring the country more in line with the leading countries in Europe in terms of public rental management.

In Spain, only 2.5% of the residential stock is in the hands of the Administration, a percentage that is well below that of France (17%), Austria (24%) and Denmark and the Netherlands (30%), according to data from the statistical office Eurostat. In this context, the Ministry is already working on more than 20,800 homes that it has identified.

Read the full article in Spanish.

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