Moncloa's housing laws weaken the protection of private property in Spain.

The International Property Rights Index (IPRI) shows that Spain ranks 26th out of 37 developed economies in the IPRI ranking. Thus, Spain lags far behind countries that serve as a benchmark in the protection of property rights. Spain is 8.3 percentage points below the OECD average and 6.8 percentage points below the average for EU OECD countries. Compared to Finland, which leads the IMPS, Spain's result is 28.5 percentage points lower.

The Director General of the Institute for Economic Research (IEI), Gregorio Izquierdo, presented this information and the report "Private Property in Spain. The need to recognize housing ownership. Index of entitlement'"Property 2020",

which notes that the right to property "is a fundamental right and a pillar of modern societies". The document points to the new housing laws as one of the factors that downgrade the protection of private property in Spain. "These housing measures cause uncertainty and legal ambiguity," says Gregorio Izquierdo. "The problem with measures such as price fixing, eviction bans or confiscation is that they violate private property, causing uncertainty and legal uncertainty, and can permanently undermine confidence in the market, allowing negative effects to spread even beyond their duration," says EEI.

The IEI identifies 'some threats' to property rights in the Spanish economy, mainly related to the housing sector: on the one hand, the draft federal law on the right to housing aims to control rental prices. According to the IEI, rent price controls are a measure of questionable constitutionality that not only does not increase the accessibility of the rental market, but is counterproductive because it reduces supply in terms of quantity and quality, increases tensions in unregulated areas and worsens the efficiency of resource allocation, making it more difficult to access rental housing, especially for low-income people who are trying to support.

S''which ensure efficient management and lower costs for the public sector,' he adds.

In Spain, the Land Registry is one of the main guarantors of ownership, as through its activities it ensures legal security, transparency of information and ease of transfer of property. The main objectives of the Land Registry are to secure the ownership of real estate, to protect the legal circulation of real estate and to create confidence of economic operators in real estate as a guarantee for financing transactions, to reduce the risks in contracts that have real estate as an object, through the publicity contained in its books, so that whoever trusts the contents of these books will be protected. In EEI's opinion, it''Spain's Land Registry system is fully "reliable and assured", which is confirmed in the ranking of the Land Registry sub-index of the Physical Property Title Index, where Spain significantly outperforms the OECD average by 3.3 percentage points and the advantage is even greater at 5.6 percentage points compared to the European average. Spain thus ranks highly in the ranking reflecting the high quality of Land Registries. IEI notes that in recent years the Spanish registry system has introduced many innovations that have enabled it to improve the protection of legal security and become an effective tool for cooperation with public authorities, promoting issues such as urban planning,''Environment, digitalization, consumer protection. "It is advisable to continue working to improve and modernize the Land Registry System in Spain, taking advantage of the benefits offered by new technologies," says IEI. "Among them, the harmonization of real estate advertising in registries between members of the European Union should be promoted, creating a common European notice. A single real estate advertisement across the European Union would help strengthen and support the internal market and develop the legal ecosystem," he adds.