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Crisis and transformation in the real estate sector

Crisis and transformation in the real estate sector

  • Por Marta Otero Moreno y Andrea Cordero López
  • 2nd of June 2020

The real estate sector is proving to be one of the most affected by the Covid-19 crisis in Spain. The framework of uncertainty around the virus, together with poor economic prospects and the impact on the labor market are delaying investment decisions. All of the above forecast that the diminishing demand for residential housing will continue in the coming months. On the other hand, the medical origin of this crisis, as well as its exceptional nature, could be causing a change in the tastes and preferences of consumers, who now place a higher value in space and light, to the detriment of location.

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Impact of Covid-19 and outlook for the Spanish economy.

Impact of Covid-19 and outlook for the Spanish economy.

  • Por José María Romero Vera
  • 17th of April 2020

The world economy is being strongly affected by the impact of the Covid-19 pandemic. The necessary search for the containment of the progression of the disease has led to a general disruption of the economic activity, including Spain. In this context, we expect the contraction of Spanish GDP to reach 10% in 2020. The impact of the crisis will be heterogeneous at the sectorial level. In order to recover from this crisis, the needs of the productive network must be considered with the utmost care, since they represent the main generator of employment.

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Labour gibberish: ERTES, ERES, paid leave...

Labour gibberish: ERTES, ERES, paid leave...

  • Por Manuel De Vicente-Tutor
  • 30th of March 2020

We have been homebound due to the declaration of the state of alarm since March 14th, which entails restrictions on the rights and guarantees laid down in the, mainly with regard the freedom of movement.

This situation is duly proportionate to the significant public health risks that have resulted from the COVID-19 pandemic. And, for this reason, it has been assumed with calm and resignation by the citizens, who are setting an example of solidarity and civility.

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Inconsistent government resistance to the extension of the tax returns filing deadlines.

Inconsistent government resistance to the extension of the tax returns filing deadlines.

  • Por Salvador Ruiz Gallud
  • 23rd of March 2020

We are currently suffering from a historical health crisis with very important economic repercussions. On Friday the Governor of the Bank of Spain referred to this situation as an "unprecedented disturbance". It is therefore necessary and pressing to adopt public policies that, initially, mitigate the impact, and later allow the economy to be restarted as soon as possible.

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Deconstructing the public tax Administration's list of debtors.

Deconstructing the public tax Administration's list of debtors.

  • Por Salvador Ruiz Gallud
  • 19th of February 2020

Among the strategies used by the Administration to improve citizens' tax compliance is the annual publication of the identification data of taxpayers who owe more than one million euros to the Treasury, whether in tax payments, interest on late payments or penalties.

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