housing

EIB backs €125 million of financing for affordable housing in Barcelona

May 16, 2017 05:12 PM | ACN

The European Investment Bank (EIB) approved on Tuesday a €125 million loan to the Council of Barcelona to build 2,198 affordable houses. The money will help to finance 23 promotions from all over the city and will cover 50% of the projects budget. The rest will be paid through the Council own resources (31%) and other financial sources, including public and private institutions (19%). Gerardo Pisarello, from the Barcelona Council, said that the EIB loan will help the city save up to €45 million in interests, as the financing conditions set by the European Investment Bank are much more favourable than those of other banks. The Council of Barcelona is planning to build 8,800 affordable flats until 2025.

Catalonia to set recommended rental price to avoid new housing bubble

January 20, 2017 02:20 PM | ACN

Barcelona has the highest rent prices in Spain, with an average of 17.36 euros per square metre in the Catalan capital’s old town. In fact, 6 of the 10 most expensive cities for renting are in Catalonia, including Gavà, Sant Cugat, Sitges, Castelldefels and l’Hospitalet del Llobregat. The Catalan Government wants to put an end to “exaggerated” increases in rent prices and is drafting a new law that will set a recommend rental price for an initial 115 towns. Landlords who respect the recommended price could enjoy property tax cuts or receive grants to renovate flats. Similarly, towns will be able to penalise those that decide to rent their properties above the set price. The councils of Barcelona, Tarragona, Lleida and Girona welcomed the initiative and are prepared to study the introduction of tax reductions for landlords that rent below the recommended price.

Barcelona has the highest rents in Spain

January 18, 2017 06:44 PM | ACN

The annual report from real estate agency ‘Fotocasa’ revealed that in 2016 Barcelona topped the ranking of rent prices in the whole of Spain. The high levels of tourism and the rotation of those professionals who work for multinational companies and set up temporarily in the Catalan capital contributed to this rise. On average, renting in Barcelona costs 15.16 euros per square metre, which is 13.7% more than last year. Moreover, it is the first time in the historic series that the rent prices exceed those registered before the economic crisis in 2007. Renting in Catalonia was 14.6% more expensive in 2016 than in the previous year, a figure which is higher than the Spanish average. 

Only international real estate trade fair in Spain Barcelona Meeting Point kicks off

October 19, 2016 07:53 PM | ACN

The 20th edition of Barcelona Meeting Point (BMP), the international and professional real estate trade fair in Spain, opened this Wednesday. The inauguration was marked by contention. The Catalan representatives decided not to attend it. The Catalan Minister for Public Administration, Meritxell Borràs, and the Catalan Minister for Planning and Sustainability, Josep Rull, informed the President of the BMP of their decision through a letter. The reason for their absence is that by Tuesday, less than 24 hours before the start of the fair, the organisers had still not informed the Catalan representatives about the time of the event, as they were waiting to know the agenda of the Spanish representative. The Catalan Ministers assessed this lack of information as “disregard and informality towards members of the Government of Catalonia and all the attendees”.

Catalonia seeks to be the first territory to implement the New Urban Agenda

October 17, 2016 07:35 PM | ACN

Catalonia wants to be the first region to implement the New Urban Agenda, a document to be adopted this week at Habitat III, the United Nations Conference on Housing and Sustainable Urban Development in Quito, Ecuador. The aim of this meeting of local and regional leaders is to secure renewed political commitment for sustainable urban development, assess accomplishments to date and provide guidance to states, city and regional authorities, civil society, foundations, NGOs, academic researchers and U.?N. agencies in this field. The Catalan Minister for Planning and Sustainability, Josep Rull, has offered to the United Nations that Catalonia be the first territory to implement the conclusions of the New Urban Agenda and stressed that the Catalan model "is inclusive, cohesive and committed to sustainable development".

Government evades Spanish Court suspension and passes anti-eviction law

October 4, 2016 06:44 PM | ACN

The Catalan bill oriented toward avoiding evictions and facilitating mediation when the families involved are at social risk has been modified in order to dodge the Spanish Constitutional Court (TC) suspension. The Catalan Government passed a new draft this Tuesday which aims to put to use the stockpile of empty apartments and guarantee the relocation of those families who can’t pay the rent. “The present text is legally impeccable” stated Catalan Minister for Public Administration and Housing, Meritxell Borràs. However, she admitted that the “Spanish Government is likely to put a spoke in our wheels”. The Government aims for the Parliament to pass the draft immediately, so that it can come into force this October.