Employment

  • New Law including a set of measures to promote rentals and energy efficiency in buildings

    Modification of the Rental laws, the Rules of Civil Law Procedure and the Horizontal Property Law in order to promote the rental market in Spain. Thus, on the one hand, this serves to speed up eviction lawsuits and lawsuits for failure to pay the rent so as to prevent injustice and unjustified delays; and, on [...]

    Ejes: Employment

  • Rules applying to Real Estate Investment Funds

    These companies are hereby regulated; they will be public limited companies and they will stand in regulated markets. Their main activity must be investing in real estate property in order to rent it (houses, shops, garages, hotels, offices, among others). Besides, at least 85% of their assets should be invested in urban buildings to let [...]

    Ejes: Employment

  • ICO Housing action: loans to finance houses that will be hired as usual residence

    This action contemplates loans and it is endowed with 3,000 million Euros in order to enhance and promote the rental market. Real Estate property developers are provided with financing in order to transform the mortgages on their unsold houses into longer-term loans, in exchange for incorporating the aforementioned houses into the rental market for the [...]

    Ejes: Employment

  • Expansion of the ICO guarantees to mortgage-backed securities to promote subsidized housing (FTVPO Action Line)

    The ICO Action Line is intended to promote the financing of subsidized housing (VPO) by providing up to 5,000 million euro guarantees - in 2009 – for Mortgage-backed securities to cover at least 80% of the mortgage loans demanded by private individuals for the acquisition of subsidized housing. The entities taking part in this line [...]

    Ejes: Employment

  • New regulations to promote in-depth urban renewal and house refurbishment

    New regulations specifying the basic criteria for the rehabilitation, refurbishment and renewal of cities at the different levels: at the environmental, social, cultural, architectural, economic-productive level, etc., so as to simplify and coordinate the existing regulations. These regulations will pay special attention to housing rehabilitation and renewal.
    Beneficiaries
    The city as a whole and citizens as a [...]

    Ejes: Employment

  • Public Bid for Land Purchase

    The public land department Entidad Pública Empresarial de Suelo (SEPES) of the Ministry of Housing has launched a bid for privately-owned land purchase in order to promote the construction of subsidized housing. This measure will be financed through an investment of 300 million Euros which will be used for land purchase and through an additional [...]

    Ejes: Employment

  • The Government commits to reduce the time for processing environmental impact declarations

    The Ministry of Environment and Rural and Seaside Areas intends to reduce the average time for the analysis of Environmental Impact Declarations, which will pass from 766 days to 420 days (14 months) by speeding up the necessary procedures. This measure will reduce the waiting period while respecting the need for environmental protection. Thus cooperation [...]

    Ejes: Employment

  • Set of measures for the road transport sector

    44 measures have been established by six ministries in order to regulate travellers’ transport by road; and 54 measures have been established by seven ministries in order to regulate road freight transport. All of them are aimed at helping this sector overcome the current situation, characterised by low demand, favouring restructuration in the long term [...]

    Ejes: Employment