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Spain News Today

Spanish news in English

Thursday, October 17, 2024

PP Unveils Ambitious Housing Plan

Published: 2024-10-01

The Popular Party (PP) in Spain is set to unveil a comprehensive housing proposal aimed at addressing the country's housing crisis.

The plan includes tax exemptions for property owners and homebuyers, particularly targeting young people and families.

One of the key measures is the complete exemption of inheritance and donation taxes for those using the funds to purchase a home.

Additionally, the PP plans to offer a four-year tax exemption for young homebuyers and a deduction in income tax for landlords who rent out previously unused properties.

The proposal also promises strict measures against illegal occupation of properties, emphasizing the need to protect property owners.

The PP criticizes the current government's handling of the housing issue, claiming that despite promises, there has been little progress in increasing housing supply.

The party aims to double the current construction rate to 200,000 homes annually, addressing the shortage that experts say is driving up housing prices.