United We can

propose that the new Housing Law considers

the owner of five properties

as a

'big holder'

, instead of the 10 that, unofficially, were taken into account until now, as confirmed by sources of the

purple

formation

.

The measure is one of the proposals that have been put on the table in the negotiation on the rule that is underway and that, at the moment,

is frozen

at the initiative of the PSOE.

In this way, the consideration of a large owner that affects other regulatory aspects such as the anti-eviction decree or the moratorium on residential and commercial rentals that was put in place as a result of the pandemic would be lowered.

It is also one of UP's main workhorses for some time, although the Minister of Transport, Mobility and Urban Agenda,

José Luis Ábalos

, has been quick to reject it this Monday.

Ábalos, whose department is leading the negotiations, has asked to "forget" policies of a "confiscatory or expropriatory nature" and has assured that this proposal

"is a new element that contradicts the considerations of both formations

to date."

In any case, Ábalos has ensured that the new law, "as a public policy, cannot rest on individuals" and, instead, has opted for a law "that commits all administrations within the scope of its competence" to guarantee the social function of housing.

"Public policy requires public responsibility," he added.

Unofficial definition

So far there is no official definition of 'large holder' in Spain, although at a practical level the number of properties was set at 10 to grant such consideration.

United Podemos considers that these large holders, which include

large funds and institutional and public investors

, are responsible for the rise in prices that housing has experienced both in the purchase and rental markets.

They believe that these increases are the consequence of their speculative business and want to try to put a firewall through the next Housing Law.

However, the figures that are handled in the real estate sector is that these owners have in their hands, at most,

15% of the housing stock

in our country;

other sources lower that percentage to 5%.

The initiative joins others promoted also by the purple formation, such as the anti-eviction decree itself, which has stirred up funds and large owners.

They consider that interventionist policies will not serve to alleviate the problem of access to housing in Spain but, on the contrary, could aggravate it even more because it discourages going to the market and investment.

In addition, they believe that measures of this type violate the right to private property and claim that the Government cannot place on them the responsibility to tackle a problem that is of public origin and nature.

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