Public-private partnerships: the key to face the challenges of the Spanish RE market

Public-private partnerships: the key to face the challenges of the Spanish RE market

Conference in SIMAPRO 2020

David Lucas, general secretary for Housing, Mobility and Urban Affairs (Mitma) at the Ministry of Transportation is the one who said so and he also highlighted the need to «establish resources for adequate public-private partnerships seeking to turn the sector into a motor for our country’s economic recovery».

According to him, the Board needs to be ambitious so that it generates employment and economic recovery. «The housing policy needs to be one of the motors for this recovery and should finance itself using European structural funds», assumed David Lucas, recalling that around 4.200 million euro from all these funds will be destined to housing refurbishing, urban surroundings, building rehabilitation and the fight against depopulation. «Now more than ever, Spain needs decisive actions within real estate».

ASPRIMA’s president and Vía Ágora’s CEO Juan Antonio Gómez-Pintado insisted on the need to continue strengthening public-private partnerships so as to face real estate’s great challenges for the future, partnerships that need to be based on «trust, transparency and empathy». And Sociedad de Tasación’s managing director Juan Fernández-Aceytuno recalled that the real estate cycles do not move in the same way as the pandemic cycles do, so prudence advises pondering the effects of Covid-19. «The prices for new houses will remain the same, whereas prices for used houses will continue the trend towards moderation it was showing before the pandemic», he stated.

Besides this subject, the first day of SIMAPRO 2020 also addressed other important questions which will affect the real estate sector in the mid and long-term. Subjects such as access to housing, streamlining administrative procedures, urban renewal and urban rehabilitation, the legal framework, industrialised construction, digitisation and sustainability, which were also debated in different round tables.

Find the full report in Spanish HERE.

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