The Latest Spanish Property News from Kyero.com

The government of Spain has announced plans for a grant scheme to encourage homeowners to make their properties more environmentally-friendly.

Speaking on Monday, Spanish prime minister Jose Luis Rodriguez Zapatero promised subsidies of one billion euros to renovate properties for the period from 2008 to 2012, plus another two billion euros per year in loans.

The programme will also see the introduction of an energy certificate for homes that have had improvements made, which it is predicted will give a valuable boost to the prices of affected properties.

Mr Zapatero believes that half a million homes can be improved in this way, in order to combat climate change.

At the same time, the government is to pay for energy efficiency measures in thousands of public buildings.

The prime minister said: "We will give our country a leadership role in the fight against climate change and the transition to a new productive model that distances itself from carbon and moves closer to renewable energy."

Spain has a general election due in March 2008.

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