Business · Companies · 4 hrs ago
Spain’s Treasury plan envisages selling nearly 20,000 state properties by 2030
Spain’s Treasury launched a plan in 2023 to sell state properties and raise money from assets the administration does not need.
The plan runs to 2030 and envisages selling nearly 20,000 properties, mostly rural land.
It says sales should be timed for when the property market is most favourable, while ruling out speculative considerations.
The plan has been carried out gradually; in 2024, 60 auctions offered 1,210 properties.
The plan sits uneasily with the government’s current criticism of high housing costs and making business from homes.
Treasury says it is now directing its work toward public policies, especially housing, and a proposed decree could allow state properties to be transferred for housing.
Spain’s Treasury launched a plan in February 2023 to sell nearly 20,000 state properties by 2030.
The plan covers properties not needed by the administration, including land, farms, shops, offices and homes.
More than 16,000 of the properties are classified as rural.
The plan says sales should be timed to obtain the highest value while avoiding speculative considerations.
The Treasury says properties may also be used for public policies, especially housing.
- Who
- Spain’s Ministry of Finance, through its Directorate General of State Assets.
- What
- A plan to sell nearly 20,000 state properties by 2030, while also allowing properties to support public policies.
- When
- The plan began in February 2023 and runs through 2030.
- Where
- Spain.
- Why
- To obtain value from properties that are not needed by the administration and raise revenue.
The Spanish government’s property-sale plan
Pedro Sánchez’s stated position on housing
Use of property
The Spanish government’s property-sale plan
The plan seeks to obtain the highest value from state properties and schedule sales for a favorable point in the property cycle.
Pedro Sánchez’s stated position on housing
Sánchez said the housing market needs order and humanity and warned that uncontrolled housing costs could harm society.
Property sales
The Spanish government’s property-sale plan
The plan provides for selling properties that are not needed by the administration.
Pedro Sánchez’s stated position on housing
The article presents Sánchez’s rhetoric as opposing the state taking advantage of high housing prices.
The Directorate General of State Assets launched the 2023–2030 programme.
The State Assets report said 60 auctions offered 1,210 properties.
Sánchez spoke against the high cost of housing, according to El Mundo.
The article reported that the plan remained in force.
- Target period
- 2023–2030
- Properties planned for sale
- Nearly 20,000
- Rural properties
- More than 16,000
- 2024 auctions
- 60
- Properties offered at 2024 auctions
- 1,210
What people are saying
The current Plan already contemplated the possibility of dedicating the properties to the development of other public policies, especially housing.
We must bring order and humanity to a market that, if we do not control it, will end up destroying our society.
the most favorable moment in the property cycle
speculative considerations