This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at El Gobierno presenta medidas adoptadas en materia de vivienda y rehabilitación
The Government presented measures taken in the field of shelter and rehabilitation
28/09/2011
September 28, 2011
Secretary of State of housing and urban actions, Beatriz Corredor, presididió on Tuesday, 6 September, the second plenary meeting of the Working Committee for the momentum of the real estate Sector. The main associations of property and financial sectors, as well as a representation of the developers and financial institutions of the country have been involved in it. In his speech, the Secretary of State said that "they have launched a series of measures which demonstrate the commitment of this Government to make progress in the normalization of the activity in the housing sector and change a model surpassed by one that is sustainable and have a greater degree of legal certainty and transparency". Corridor referred to the reduction in VAT from 8 to 4% for the purchase of new homes that will be in effect until December 31 given that persists a large remnant of homes for sale that counseled to take fiscal measures to help dispose of these stockpiles and cooperate in the gradual normalization and recovery of activity and employment in the sector.
