There is life beyond conventional buying and renting

There are many factors that have contributed to the fact that rental prices, especially in large cities, are in the air. To this must be added the even more difficult part, which is buying a home. Given this, there are housing alternatives that go through shared property, temporary property and urban masovería.

Héctor Simón, director of the Càtedra d'Habitatge of the Universitat Rovira i Virgili, recalls that "during the real estate bubble of 2007, the purchase of home ownership increased a lot and from 2008, with the crisis, access to mortgage credit was complicated ». A situation, explains Simón, that worsened in 2019 with the mortgage credit law, which forces banks to be more careful when granting loans, "so they only grant them to solvent families and, then, to acquire in property you must have 20% saved as entry to access the loan ».

For the director of the Chair, this panorama is consistent with the fact that the rate of home ownership has fallen from 82 to 73% between 2011 and 2020, with an even greater decrease in young people under 35: from 69 to 36%. Simón points out that given these difficulties in buying a property, the chosen alternative has been renting, which has caused the bubble to move to this housing option. "If you only rely on rental, and everyone goes to this, there is not enough supply for so much demand, which raises prices," says Simón, who justifies his statements with the official figures from Incasòl, which reflect that the Average rental price in the city of Tarragona went from 429.77 euros in 2014 to 539.96 in 2021.

Then the rent contention law appeared in combat, which limited rental prices, and which, although it was later declared unconstitutional, caused many owners to go from renting to selling their property or if they rented it, they made sure that it would go to very solvent people, something that does not usually happen with young people.

From here, from the Càtedra d'Habitatge "we defend that there is a diversification of real estate holdings". On the one hand, there is shared ownership, with which you buy a part of the house, such as 25%, and agree with the owner on a plan to progressively acquire more share until you buy 100% of it. As for the temporary property, you buy the property at a price according to the defined time that you are going to be. Finally, the urban masovería consists of living in a house in exchange for reforming and rehabilitating it.

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