A bill was presented to the National Assembly to regulate the leasing of real estate, so that the client who rents a property has the option to buy it.

In order to regulate the financial leasing of real estate known as real estate leasing or housing leasing, the Minister of Housing and Land Management (Miviot), Rogelio Paredes, was the official the Executive who presented the bill to the Assembly.

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According to Paredes, the “… legislation would turn a rental strategy into a leasing situation with an option to buy, since this legislation has the potential to reactivate the housing market, so its dynamism could reach projects throughout the territory.”

This formula will allow many young people and newly married couples to have a different option to purchase. The “millennials“, for example, are those who are not buying homes to settle down, which has become the new trend, said the head of the Miviot.

Learn more about the “Feasibility studies of real estate projects” that we carry out in CentralAmericaData.

According to the Assembly’s statement dated October 22nd, in order to promote practical results this financial instrument incorporates a package of incentives that seek to make the operation attractive to the financial sector and investors by concentrating them mainly on the exoneration from the payment of real estate taxes on the first purchase-sale operation, and the exoneration from the payment of ITBMS and the Special Interest Compensation Fund (FECI) on some transactions.
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