Spain| Commercial real estate into residential

At the moment in Cataloniam, more than 30,000 commercial properties are not being used. In connection with this problem, a proposal was made to reform such empty commercial items into residential property.

Over the past few years, the number of commercial facilities that do not work – are not used –  increased by 7%. A significant amount of such property are located in Barcelona and Tarragona.

The authors of the study on how to adapt not-used commercial facilities make a proposal –  such "dead" items of real estate can be reorganized into living quarters, apartments.

The property must comply with the requirement for residential real estate and not be encumbered with the rights of others. After the reconstruction and reorganisation, commercial properties can be reformatted into residential buildings and used for their intended purposes – for sale and rental. According to the research, such housing will be useful for the young generation and the elderly/retired.

Each district has to decide which zones will be provided for trade, and whether optimization and modernization will be needed.

 

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