Spanish Banks and investment funds must report their holdings of empty properties for respective regions, it’ll be expensive to keep properties unoccupied.
Financial institutions, investment funds and the so-called bad bank – Sareb – has been given a period of three months to report the number of empty properties, which they have taken over as a result of foreclosure or transfer in lieu of payment.
This information will form the basis for the introduction of a new tax on empty properties such as the Catalonia Parliament has adopted.
The decree adopted by the Spanish government committee and also includes the installation of a call option on public administration, whose inhabitants are in danger of being evicted. The region companies Catalonia rentals, headed by Carles Sala, wants to expand its portfolio of social properties in areas of high demand.
There have been several cases where people have been evicted from their apartment because a company – financial institution, investment fund or call Sareb – wanted to take over the apartments as collateral for non-payment of debt. And here’s inhabitants many times the big losers, because they will be evicted from his apartment.
Sources from the Catalonia government believe that banks hold between 10,000 and 20,000 vacant Marbella properties in areas of high demand. The final figures will be confirmed by the new register of empty properties in Catalonia.
Residents of properties that will be transferred to the public authorities will get a cheap rent as low as 212 Euros per month, but it depends on household finances. The price for the properties taken over by the social services will be between 20,000 and 40,000 Euros.
The requirements for disclosure of information on empty properties applies so far only to institutions, banks and businesses, but can be expanded to include privately owned properties.
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