The new government’s strategy for housing
With the intention of revitalizing the Catalan economy, the PSC government has launched a series of ambitious measures that seek to recover the spirit of a prosperous Catalonia. The goal is clear: to deal with the real estate crisis that affects the region, but experts warn that current actions could further complicate the situation.
Investments for transformation
Within this new plan, a public investment of 4.4 billion euros for housing stands out, accompanied by an economic plan of 18.5 billion euros. Both initiatives are designed to deal with the economic degradation that began with the crisis of 2008, a period that has left the population with considerably decreased purchasing power.
The European context
Compared to other European countries, Catalonia is in a delicate situation, where the measures taken must be sufficient to compensate for the loss of economic capacity of citizens. However, the funding of these initiatives has become a hot topic.
The PSC Tax Plan: A controversial solution
The financing of the Plan has two ways: increase income or reduce expenses. Faced with the inability to cut public spending, the Government chooses to increase revenue through a ‘fair tax’, an idea that has generated intense debate.
Tax Reforms: Who wins and who loses
The reforms include the reduction of personal income tax for low -income workers, but at the same time, fiscal pressure on property owners and the tourism sector will be increased. Thus, homeowners will see an increase in tax transfer taxes, while tourists will contribute with a higher tourist tax.
THE REPTE OF L’EPUPO HOUSING
Despite tax measures, experts agree that the solution to the real estate problem is not just a matter of taxation. The real question lies in the scarcity of housing offer, which has been dramatically reduced in Catalonia. The current trend of moving the offer to temporary rent has left the residential market in a precarious situation.
An uncertain future
The Economic Plan of President Illa is a risky bet that can only be successful if it is complemented by an effective housing plan. If the lack of supply is not addressed, Catalonia could face a perfect storm, with increasing demand and decreasing offer. The current legislature is presented as a key moment in real estate policy.
Final reflections
With all this, the question of whether tax and economic initiatives can really solve the structural problems of the real estate market. Only time will say if these measures can reverse the current trend or, on the contrary, will further complicate the situation of Catalans in the field of housing.