Thursday, September 15, 2005

New state property rental agency ready for business in Spain

The Spanish Housing Minister, Maria Antonia Trujillo, yesterday announced that Spain's new public property rental agency is ready for business with 1,500 properties to rent which will be available for rental as from October.

1,200 properties have been registered with the agency by private owners, and the rest are flats and apartments in state-owned buildings.

Trujillo said that several Spanish ministries owned buildings which would be converted into flats and registered for private rental with the state agency. The minister said the agency would use this month to make any last-minute improvements and reforms to the properties on the new register, and to negotiate the rent with owners. She said the rent fixed by the agency would be just below market rates. In October a campaign will get underway to promote the properties and attract tenants.

When the government announced the creation of this new property rental agency in Spain a few months ago, its objective was to rent 1,000 properties during the first year, and 25,000 by the end of the legislature in an attempt to encourage and professionalise the property rental market in Spain.

Related:
The right of tenants to purchase rented property in Spain

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3 Comments:

Anonymous said...

How do I get to put a property forward to the governments 5 year guaranteed rental scheme.

10/28/2005 1:54 PM  
Euroresidentes said...

You can either fill in the online form available on the Agency's new website (http://www.spaviv.com/), or telephone the Agency at 902 13 02 13 to give them details of the property.

The website is all in Spanish, so you will probably need to speak Spanish or have a Spanish-speaker to help you if you telephone.

The government is in the process of setting up a network of "collaborating agencies" around Spain where property owners will also be able to register their property for rent, but the network is not established yet.

10/29/2005 12:32 PM  
Anonymous said...

Thanks. That is good service. Am impressed. Dc.

10/29/2005 2:09 PM  

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