The large home holders they predict a rebound in late payments after the summer. The rent payment is entirely linked to receiving a monthly salary and their main fear is that, once the tourist season is over, thousands of service sector workers will have to return to unemployment due to the impossibility of finding a new job due to the coronavirus crisis. , according to sources in the sector. For this reason, the main associations urge to modify the rental aid that the Government has implemented during the pandemic.
The first measure that the Sánchez Executive took to avoid defaults was the moratorium or the remission of rent. Asval data shows that it has been insufficient, with only 3% of tenants showing interest in requesting it, while delinquencies have already shot up from 5% to 15%. And the time to ask for this help expires with the alarm state, which is scheduled to end on June 21.
The possibility of extend the moratorium for four months after the alarm state, but only if requested before the end of this exceptional situation. Thereafter, large homeowners (those companies with ten or more rental properties) are no longer required to defer payments, although some of them have already shown their willingness to negotiate with their tenants without requiring them by law.
The Sánchez government has also put the concession on the table of loans with guarantees from the Official Credit Institute (ICO) and without interest intended for tenants with specific problems to face the rent. Two months after enabling this 1,200 million euro credit line, banks have started granting aid on Tuesday. The application period extends until September 30, although it could be extended for two more months, until November 30.
FEAR OF DEBT WITH ICO CREDITS
From Asval positively value this measure, but warn that many people will reject them because they are afraid of increase your debt levels in a situation of so much uncertainty regarding employment. The proposal of this association is to establish a program of direct aid to the landlords so that it does not directly affect the tenants and, therefore, delinquencies are reduced.
The tenants of the most vulnerable groups “do not want to go into further debt at a time when they have seen their incomes have decreased markedly when entering an ERTE or losing their job,” said the general director of Asval, Beatriz Toribio. “There is currently resistance to requesting loans to pay the rent,” the statement insisted.
Asval also urges the Government to urgently accelerate the necessary measures to increase the supply of rental housing. “The sharpness of the current harsh situation should not prevent adequate measures from being taken to resolve the root of the problem: the supply of rental housing, especially at affordable prices. During the crisis, the foundations must be laid to end the problems structural of the Spanish economy and attract local and international investment that increases said offer, “stressed Toribio.
The real estate funds most concerned about this whole situation are those that have a significant bulk of their leases in lower-middle-class areas, since this is where the most vulnerable and most vulnerable families reside, losing their jobs and having difficulties finding another .