The shared equity credit agreement as a new credit agreement to finance the shared ownership in Catalonia

Authors

  • Guillem Izquierdo Grau

Abstract

The Catalan lawmaker introduced the Shared Ownership into the Catalan Civil Code in 2015. However, since the entry into force of the Act 19/2015, there have been no acquisitions of assets using this new tenure. The Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 regulates the Shared Equity Credit Agreement, which could be a new credit agreement to facilitate the acquisitions of assets using the Shared Ownership. Moreover, the Spanish lawmaker has transposed the Directive 2014/17/UE in the same terms than the Directive 2014/17/EU. The aim of this paper is to facilitate the implementation of the Shared Equity Credit Agreement in Spain once the Directive 2014/17/EU is transposed by the Spanish lawmaker to make housing more affordable.

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Published

2020-04-08

Issue

Section

Studies