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News
The DANA and its Impact on the Spanish Real Estate Sector
“  06

  NOV
The DANA and its Impact on the Spanish Real Estate Sector

The recent inclement weather due to the DANA (Depresión Aislada en Niveles Altos) phenomenon has left a significant footprint on the Spanish real estate sector. The heavy rains and resulting flooding have affected more than 135,000 homes in several regions of the country, generating an urgent need for repair and financial support.

In response, the Spanish government, led by Pedro Sánchez, has launched an ambitious aid plan amounting to €10.6 billion. This plan includes direct aid for those affected, tax and labour incentives, as well as a new line of guaranteed loans, known as ICO-DANA, worth €5 billion. These loans are designed to assist small and medium-sized enterprises, the self-employed and families with repair and reconstruction costs.

Real estate platforms such as Idealista have also shown their support, offering rooms and temporary housing to those most affected by the disaster. In addition, the insurance association UNESPA has made information resources available to guide the victims in managing their insurance claims.

This event has not only generated an economic impact, but has also tested the resilience and solidarity of communities and authorities, who are working tirelessly to restore normality in the most affected areas.
 
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