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Government amends decree to reduce delays and accelerate real estate development

The Government is moving forward with its Housing Plan and amending the Expert Decree for reduce construction times, accelerate real estate developmentand promote the increase in supply. The initiative is part of the measures that the Executive is adopting to facilitate access to housing for citizens, through the implementation of proposals aimed at reducing the tension that demand exerts on the available supply, and which has led to prices at record levels.

The amendment of the decree aims to adapt the regulations to the new trends observed in the construction sector, through the acceptance, for the purposes of the promoter credit, of the simplified planning permission models in which several town halls are already working.

These are licenses that, without prejudice to the subsequent obtaining of the definitive license, allow the start of construction or rehabilitation works, after verification and validation of certain essential requirements. Specifically, and in “full respect” of regional and local powers in terms of town planning, the characteristics that these simplified licenses must have are clarified so that they can be valid for the purposes of obtaining an expert appraisal without conditions that can be used for the mortgage. guarantee.

In concrete terms, it should be noted that it must be an enabling title or an administrative authorization allowing the irrevocable start of the work and that it must be a large-scale authorization. Similarly, the execution of the work that can be carried out with these simplified licenses should represent a substantial part of the total work to be carried out.

On the other hand, the proposal to amend the Expertise Ordinance includes a new principle of sustainability in the valuation of buildings, aimed at including environmental and socio-economic factors in the valuation of the property, factors increasingly taken into account by the market.

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Katy Sprout
Katy Sprout
I am a professional writer specializing in creating compelling and informative blog content.
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