The regulation of the real estate sector was a pending issue for more than a decade and the Official College of Real Estate Agents has been working since then to make this a reality, for the benefit of Andalusian consumers. It has already been commented on multiple occasions that "The biggest investment that a ...

Finally came the essential regulation of the real estate sector for better consumer protection

The regulation of the real estate sector was a pending issue for more than a decade and the Official Association of Real Estate Agents has been working since then to make this a reality, in benefit of the Andalusian consumers.

It has already been commented on multiple occasions that "The biggest investment that a family makes throughout a lifetime is the acquisition of a house", and that the legislation must protect the consumer against the abuses that take place in this matter, being this one of the sectors in which more consumer complaints present.

Well, in the session of last April 11, 2018, the Andalusian Parliament, has approved , within the Law on the right of pre-emption and retraction in housing evictions in Andalusia, a series of measures to protect the consumer against the real estate market , at a crucial moment in the reactivation of this sector.

Approved measures impose minimal controls on the real estate transaction to avoid harm to those who access it, as a guarantee for consumers.

The approved measures will be complemented by a regulation that will be developed within a year, and which will contain at least the following measures:

  1. Professional training . This requirement must guarantee the professionalism of the service to users and consumers, in legal, technical, tax, commercial and a long etc.
  2. Establishment open to the public.

According to the report "Evolution of credit to productive activities in Spain by activity sectors", published by AIS Group (specialist consultant in credit risk management), the portfolio of loans to companies engaged in real estate activities fell more than 10,800 million euros between 2016 and 2017. This fall in credit to this segment means ......

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