The draft bill introduces measures that will have a major impact on the housing sector
The draft bill inOn October 26, the Council of Ministers considered on first reading the draft bill on the right to housing. The draft bill is the product of months of negotiations and introduces measures that will have a major impact on the housing sector, affecting investors and real estate developers and construction companies. troduces measures that will have a major impact on the housing sector.
Key aspects:
> The competent housing authorities are empowered to declare strained residential market areas.
> In strained residential market areas, a rent ceiling system is established, which varies according to whether the lessor is a large property holder.
> Property tax surcharges will be charged on vacant housing.
> A provision is made for establishing in urban planning legislation a 30% reserve for social housing on developed land not subject to refurbishment or renovation development works, with the requirement to establish compensation schemes.
> It is guaranteed that social housing cannot be removed from that classification, with some exceptions.
> Amendments are made to the regulation on eviction processes in situations of vulnerability.