Valencia Property

From the period of 2009 to 2019, there are 439 properties still waiting to be transferred. And the list is growing bigger every month because more properties enter this domain.

Once these properties are transferred to the Generalitat, they become the property of the state. Generalitat can either use them or dispose of them on the property market. The problem is that the procedure takes so long that by the time the legal part is finished, those properties are usually in a derelict state, some of them become occupied, the cost for their maintenance ads up, and generally, there is a lack of manpower to manage these resources.

There are many suggestions what to do with this properties, from selling them for a reduced price on an open market to repurposing them to serve as “social” housing for people that are in need, but, to get through complicated Spanish judicial system, and to jump through all the red tape hoops, almost looks impossible.

So, next time you see an abandoned building or a flat with the broken windows in a decent looking house, you will know where a part of the problem lies.

content they show and that they are forced to comply with the obligations imposed by the local laws. In this sense, the large cities of Europe assert that it is very difficult to fight against illegal rentals, because these tourist rental platforms do not share their information with local administrations. In addition, the 20 cities accuse the legislative framework of being obsolete, because it was carried out before the 'boom' of the digital economy.

"Our cities recognize that tourism is an important source of income and employment for many and are not opposed to this new type of rental. However, tourist rentals of private apartments can only take place responsibly and according to the necessary legislation ", states a note signed by representatives of cities such as Amsterdam, Athens, Berlin, Brussels, Florence, London, Milan, Vienna, Paris, Barcelona and Valencia.

The signatories considered that the future Digital Services Law, planned by the end of the year, "represents an unprecedented opportunity" for the EC to face this "growing problem", which in their opinion has affected both the supply and the prices of the rest of the accommodations.

Meanwhile, in Spain, the Ministry of Finance intends to take up the battle in order to force rental platforms to provide the aforementioned tax information. At the moment, the General Directorate of Taxes has not adopted a final decision on how and when to do it, announces newspaper El Independiente.