2 billion to buy housing: what does Sumar's proposal consist of?

Sumar's recipe to solve the crisis involves a 2 billion OPA to buy already built housing

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The deputy spokesperson of Sumar and deputy of Compromís, Alberto Ibáñez EDUARDO PARRA

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The Housing spokesperson for Sumar in Congress and Compromís deputy, Alberto Ibáñez, has put forward a proposal for the State to allocate 2,000 million euros to the massive purchase of housing, including those from private individuals, given the long deadlines involved in the construction of new properties in the public housing stock. This would be the progressive coalition's recipe to try to alleviate the effects of the housing crisis.

The proposal is described as a kind of "OPA" of housing to rapidly increase the public stock. The initiative starts from the premise that building is slow and that "there is no time" to wait for new developments.

"Building and tendering public works is profoundly heavy and slow. We don't have time to build, we have to buy what already exists, and the housing minister can do this," Ibáñez defended in an interview with Europa Press, who sees a clear opportunity when a "vulture fund" decides to sell its portfolio of assets to another investor and the State can intervene.

The idea is clear: intensive purchase of already built properties to start providing immediate response to the problem.

"In our country there is no need for construction of public housing. We are above Europe in housing per inhabitant. What needs to be done is a massive purchase of public housing," the deputy maintained.

The proposal seeks to reduce the purchase of homes by vulture funds, which results in an increase in tourist apartments. Among other consequences, this upward trend has led to 1 out of every 3 tenants having had to move neighborhood in the last year in the most stressed areas.