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Basque Government Unveils Alokaplus, a Public Rental Insurance for Tensioned Areas

The proposal enters public consultation to entice owners with coverage for unpaid rent, utilities, damages.

Overview

  • Housing Minister Denis Itxaso announced Alokaplus at the House Action congress in Donostia/San Sebastián.
  • The Department of Housing has opened administrative drafting and a prior public consultation for the program.
  • The scheme is designed to cover unpaid rents, utility bills and property damage from early judicial stages to improve legal security for landlords.
  • Authorities say the goal is to boost rental supply by reducing financial risk for owners in municipalities declared tensioned.
  • Specific limits, regulations, budget and a start date have not been published, with details to be set in a forthcoming order.