Podemos say that there would be advantages to landlords. | Teresa Ayuga


If the current left-wing coalition is still in a position to govern after the May elections, a Podemos condition for agreement will be the creation of a public company for property rentals under the management of the Balearic government.

The party is proposing an expansion of responsibilities for the Ibavi housing agency, whereby it would act in a similar manner to property websites such as Idealista but with added services. Crucially, the government would not generate any revenue from this, which would (or could) imply a reduction in prices because there would be no commissions.

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Podemos say that there would be advantages for landlords, as they would have coverage, free legal advice and insurance so that properties could be repaired when there is a change of tenants. For tenants, meanwhile, there would be the guarantee that, as this is a public agency, the price would be much more reasonable.

The party argues that any possible abuse by landlords would be avoided; deposits would be returned to tenants and both parties would be protected. A "pioneering" initiative in Spain, Podemos point to the Balearic Energy Institute as a model; this was established at the proposal of Podemos.