¿Cómo afecta a los grandes caseros y a los fondos el decreto de vivienda? Del límite a las compras

The Spanish government has introduced a housing decree that places restrictions on large property owners and institutional investors, aiming to curb their influence in the housing market. Spearheaded by Isabel Rodríguez, the decree targets entities with more than ten properties, although regional governments can reduce this threshold in high-demand areas. This move could significantly impact the Canary Islands, where international buyers often seek investment opportunities in popular regions.

One of the key changes is a cap on purchasing properties at steep discounts, effective until the end of 2028. Real estate entities are now prohibited from acquiring homes for less than 70% of their market valuation. This rule, although broadly applied, could reshape property transactions in Tenerife, where competitive pricing has been a major draw for foreign investors.

The decree also introduces a tax on certain undistributed profits of socimis, Spain’s real estate investment trusts, potentially affecting their residential investments. Spain is a significant market for these entities, and the Canary Islands might experience shifts in investment strategies, particularly if tax incentives for affordable housing are utilized. Additionally, tenants in high-demand areas gain the right to extend leases, which could influence rental returns in tourist-heavy locations.