How is Madrid positioning with respect to other capitals in housing investment?
The Community of Madrid is the financial and administrative epicenter of Spain and has the best transport, in addition to being a link between Europe and America, reasons why it is today a population in population growth.
To respond to new housing needs and facilitate that young people can initiate their vital project, we create the Vive Plan, a pioneering program in Spain, which is carried out in private public collaboration, in a framework of legal certainty and promotes an investment of companies of more than 1,000 million euros, in addition to contributing to the creation of thousands of direct and indirect jobs and generating an important fiscal return for public coffers.
On the other hand, we have unlocked urban planning in the great developments of the southeast and flexible uses to create housing in vacant endowment soils and, temporarily, in tertiary soils and buildings of offices.
Between 2020 and 2023 Madrid has invested more than 811 million euros in housing. What impact has this investment in access to housing?
We are leaders, together with the Madrid City Council, of the largest public housing park in rent in Spain, with 30%, according to data from the Ministry of Housing and Urban Agenda.
In the capital a dozen promotions that have contributed to the residential development of areas such as cane, the berrocals or the goddaughter have been raised, where we are also going to build a subway station to improve mobility in these new environments.
A package of fiscal deductions that affect the house was announced a month ago. What is the strategic objective? How will investment in the Community of Madrid affect?
There are nine tax discounts that will facilitate purchase and rent, with a saving of 170 million euros.
Deductions for the lease of empty housing, due to the increase in mortgage loans or for habitual housing rental, where the age of 35 to 40 years is extended, in addition to one of 1,000 euros for those under 35 that change their residence to municipalities of less than 2,500 inhabitants and an additional bonus of 100% in the taxes of assets for assets for the acquisition of second -hand housing For new housing.
To this is added the existing 10% of the amounts invested by the landlord in repair, conservation, insurance or certificates. They are 30 tax drops since Isabel Díaz Ayuso is president.
One of the measures is the 20% reduction in IRPF for foreign investments. What investor profile looks for Madrid with this deduction?
We seek to generate employment and wealth through the contribution made in obligations, bonds, treasury letters, shares of quoted and non -quoted societies or contributions in limited companies; Never with real estate.
To take advantage, it is required to maintain the investment and fiscal residence in the region for a minimum of six years, since that is the objective.
One of the great concerns of the promoters is the availability of soil. What decisions are you making to expedite land release and facilitate the development of new housing parks?
With the modifications of the Autonomous Soil Law, we promote affordable housing in endowment soils and, with the change in tertiary use, the passage of housing offices. We participate in the compensation boards of the new developments in Berrocales, Valdecarros and Ahiejones, contributing to their urbanization and mobilizing the corresponding land.
In addition, we carry out agreements with the municipalities to make land available to the promoters of the Vive Plan.
The increase in rental prices has affected investors already tenants. What measures are being taken to favor investment and access to housing?
The only possible formula to contain prices is to increase the offer and to achieve it, the road is to offer legal certainty to investors and give them land to build.
This is what we have already done in 26 municipalities in the region, with a first objective to deliver a house to 13,000 families. At the moment, we have given the keys to more than 3,000, another 5,000 are under construction and we are going to tender 4,500 more in 11 municipalities for young people up to 35 years.
One of the main challenges for young people is access to housing. From the Community of Madrid, the deduction for regular housing lease will be extended from 35 to 40 years. Are more additional measures be raised?
In addition to this new fiscal measure, we have programs that are designed to help young people acquire their first home and emancipate. With the aforementioned Rent Plan we have helped almost half a million Madrid’s, of which more than half were under 35 years old, and with the program my first home, we endorse up to 100% of the mortgage to young people up to 40 years.
On the other hand, we are the first social housing builders in Spain, with almost 50% of everything built between 2020 and 2022.
Real estate sector experts are necessary private public collaboration. What plans are there to boost affordable housing? Are there projects for investors to participate in new developments?
Companies are the ones that build and we guarantee protection. We facilitate land to raise buildings and can rent a 30% cheaper at a price than in the free market, but that floor is always in the hands of all Madrid’s, as well as the buildings that are raised in them.
We attract investors with our legal certainty and our low taxes and make ourselves known in national and international forums where we show ourselves as a great European metropolitan region. This collaboration has been a success and the PSOE government itself, after criticizing it, has copied it for its so -called Vienna Plan, although in a failed way, because they have been deserted.
Other regions and even other countries have been interested and are implementing similar models. Without a doubt, Madrid is a territory of opportunities for investment and in the real estate field especially and I think we have managed to make the plan live becomes an emblem.