Alberto Núñez Feijóo has made a brief pause from the Ceuta crisis to also focus on other issues that concern Spaniards, such as housing. In this regard, the leader of the PP traveled this Tuesday along with José Luis Martínez-Almeida to visit a public housing development for rent in Madrid and recalled his commitments to ease prices if he comes to government, which include, among other things, drastic tax cuts for young people and the construction of more supply.
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“I want to show that it does have a solution,” said the leader of the PP, referring to housing, which is the top concern of Spaniards, according to the CIS. In this regard, Feijóo outlined the PP’s plan, which has already been voted on and approved in Congress, and has four pillars: building one million homes; more legal certainty, with a new land law and measures against “squatting” – also the repeal of the Housing Law; fewer procedures so that construction companies can start work within 90 days if the City Council does not respond to the required permits; and a tax cut for young people under 35 years old.
In the fiscal area, Feijóo detailed that he will propose increasing tax deductions for savings allocated to a housing fund; public guarantees of up to 95 or 100% of the housing price; and a reduction of the IRPF for a young person in their first job during the first 4 years, a 60% reduction of the ITP and VAT, and an exemption from the tax on donations from parents to children to buy a home. “In a typical home of 250,000 euros, with the measures I just mentioned, when a young person starts working at 25, at 30 they buy their house, they will have between 21,000 and 26,000 euros in tax savings and will need 50,000 euros less to sign the mortgage for a home,” he summarized.
Likewise, the leader of the PP criticized the current situation with Sánchez’s government, where new housing prices have risen 74% and rent 44%. “Housing prices are rising 2.6 times faster than wages,” he denounced, before lamenting that “Spain is the European country where buying a home requires the most effort” and families “dedicate more and more resources to paying the mortgage” due to interest rate hikes. “When a country makes access to housing impossible, it is not the market that is failing, it is politics,” he added.
In this regard, for the leader of the PP, Sánchez is responsible for the housing problem. Thus, he summarized that the government’s policy is “hundreds of thousands of announced homes” without having been completed, an application with “only 800” flats despite Spain having a deficit of more than 750,000, and “legislation that prevents or hinders” the generation of supply. “They have made the rental market disappear because one in three homes that were previously rented are now off the market. In short, they have sunk the supply and driven up prices,” said the leader of the PP, who praised Almeida’s model in Madrid, where “17 homes are delivered every 10 days,” according to the mayor.
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