The Latest Spanish Property News from Kyero.com

The promoters and builders’ association of spain (APCE) showed willingness to make sacrifices and lower housing prices if the government gives them help and adopts their suggestions for reactivating the real estate market.

Among their requests is the creation of a new category of housing somewhere between de-regulated and subsidised, more financial aid for buyers, financing for companies and expansion of the deductions for second homes destined for use as rentals.

They reminded the government that the sale of properties has fallen 60% and that they have about 500,000 homes unsold, which means that if the crisis continues the government will have to be prepared for more unemployed and payment of their compensation.

Original story from Publico.es (in Spanish), translation by Idealista.com