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Rentals: The Government Considers Allocating €700M to Loans, Moratoriums and Eviction Suspensions

The Government is working to present an aid proposal at the Cabinet Meeting on Tuesday to help tenants affected by the coronavirus with two competing proposals: the waiver of rents and interest-free loans.

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After adopting measures to help homeowners with mortgages who are facing economic difficulties as a result of the Covid-19 crisis, the Government led by Pedro Sánchez has been working for several weeks to achieve a similar solution for rental tenants.

The two main pillars of its proposal are: loans to the tenants of small property owners through the ICO, and moratoriums by private owners who hold portfolios comprising eight homes or more. Along with these measures, a debate will be held over the terms and scope of the eviction suspensions.


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