"Express" arrangement that converts closed offices and shops into low-rent homes

Key Points of the New Regulation

Fast-track Conversion of Use: The rapid change of use of empty offices, industrial buildings, unfinished commercial spaces and old hotels into residences is allowed. The process will bypass time-consuming obstacles of the General Urban Plans.

“Build to Rent” Program: The intervention is linked to the “Build-Rent” plan, where technical companies will create a housing stock exclusively for long-term lease (at least 10 years) with a fixed rent.

Airbnb Ban: Strict restrictions are established so that these properties are not converted into tourist accommodations, ensuring the offer for permanent residence.

Incentives and Financing

Tax Relief: Businesses that join the program will see rental income deducted from their income tax.

Renovation Subsidies: A budget of 400 million euros is planned for subsidies of up to 36,000 euros per property.

Digital Tools and Timeline

MIDAS Registry: Within the first quarter of 2026, the full digital mapping of properties will begin with cross-referencing of Cadastre and AADE data for transparency and a more appropriate housing policy.

Codification of Legislation: The simplification of the chaotic urban planning legislation is expected in the first half of 2026.

Goal: Revitalizing run-down areas, increasing the supply of affordable housing, and containing rents.