Bill to reserve home purchases for natural persons

Automatic summary, not yet reviewed

1. The bill would amend Law 12/2023 on the right to housing to limit the purchase of homes, both for payment and for free, to natural persons when the homes are in use. It would also limit the acquisition of homes in residential buildings once they have a certificate of completion of works.
2. The proposal bases the change on Article 47 of the Spanish Constitution, which recognizes the right to decent housing and requires public authorities to prevent speculation. It states that home ownership by companies follows an investment logic, not a use logic.
3. Some entities would be exempt from the limit, such as associations, religious entities, nonprofit organizations and development NGOs. The exemption would only apply to specific purposes: headquarters, health care residences, housing for vulnerable groups, protection of victims of gender violencegender violence Violence a woman suffers from a current or former partner because she is a woman., worship, education or educational leisure.
4. The limit would not affect sales already formalized in a public deed before the law takes effect, even if not yet registered in the Property Registry. The law would take effect the day after its publication in the Official State Gazette.

Who it affects

• Legal persons, such as commercial companies: They could not buy homes for residential use, except for the planned exemptions.
• Natural persons: They would be the only ones able to acquire homes in use.
• Associations, nonprofits, religious entities and development NGOs: They could buy homes only for the specific purposes listed in the bill.
• Buyers with a public deed signed before the law takes effect: Their purchase would not be affected by the new limit.

Words worth knowing

Persona jurídica (legal person)

An organization, such as a company or association, that the law recognizes as having its own legal capacity, separate from natural persons.

Título oneroso (for-payment transfer)

A transfer in exchange for payment, such as a sale. A free transfer is one made without payment, like a donation.

Especulación (speculation)

Buying an asset to resell it or profit from it, not to use it.

Escritura pública (public deed)

An official document drawn up by a notary that legally records an act, such as buying a home.

gender violence

Violence a woman suffers from a current or former partner because she is a woman.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries