- ASVAL, the association of rental housing owners in Spain, in coordination with Testa Homes, EuroPace, Almond, UIPI, Urbhe, and the University of Alicante, will promote this project, which will run until 2028.
- The project aims to overcome financial and technical barriers by promoting comprehensive solutions that include social aspects such as accessibility, comfort, and safety.
- Three pilot projects will be carried out in Madrid: the renovation of a building and individual homes, aiming to improve the energy efficiency of various types of properties.
ASVAL, the Association of Rental Housing Owners in Spain, has launched the Life Inspire-US project which, together with Testa Homes, Fundació EuroPace, Almond Real Estate, UIPI (International Union of Private Property), URBHE, and the University of Alicante, aims to facilitate energy-efficient renovation of privately rented homes in Spain.
The project is part of the European Commission's LIFE-Clean Energy Transition program and aims to provide comprehensive solutions to improve energy efficiency, comfort, accessibility, and safety in rental housing, thereby contributing to the decarbonization of the residential sector. The project will last 36 months and conclude in 2028.
“Our goal is to unlock the vast potential for renovation within Spain’s rental housing stock. With INSPIRE-US, we aim to provide landlords and tenants with an innovative, agile, and accessible service that facilitates access to financing, technical advice, and comprehensive support throughout the entire process.”
— Helena Beunza, President of ASVAL
Among the project's key objectives are:
- Improve the energy efficiency of privately rented homes.
- Facilitate decision-making among co-owners and encourage tenant participation.
- Create public-private partnerships to ensure the sustainability of the service.
- Reduce financial, logistical, and legal burdens in renovation processes.
- Promote energy-efficient renovation in vulnerable neighborhoods.
INSPIRE-US is a project that also includes an Advisory Board made up of six experts, including: Julio Cesar Tejedor Bielsa (Professor of Administrative Law), Bruno Sauer (CEO of Green Building Council Spain), Ines Leal (specialist in sustainability and smart cities), José Antonio Granero (architect and leader in urban planning and regeneration), Juan Palacios (Assistant Professor at Maastricht University School of Business and Economics), and Luiskar Delgado (President of AVS Euskadi).
One-stop shop: a solution for tenants and landlords.
The One-Stop Shop will provide landlords with financial, technical, legal, and awareness-raising services, addressing the sector’s main challenge: the split incentive dilemma.
In addition, the project will be launched with the development of three pilot initiatives in Madrid, targeting different types of properties, which will include:
- Multifamily buildings owned by institutional landlords (130 homes, 580 residents).
- Scattered single-family homes managed by institutional operators (5 homes, 22 residents).
- Single-family homes owned by small landlords (5 homes, 22 residents).
The pilot projects will validate a scalable model at the national level, aiming to improve the energy rating of buildings from class E to class B, while also testing innovative financing schemes. Each pilot will include energy diagnostics, implementation of improvements (thermal insulation, renewable systems), monitoring and evaluation, as well as the collection of data to support the development of roadmaps.
About ASVAL
The Association of Rental Housing Owners is the leading organization in Spain representing landlords in the residential rental sector, both institutional and private. Founded in 2020, ASVAL brings together developers, specialized managers, individual owners, and other key players in the rental market, with the aim of promoting a legal, economic, and social environment that supports an accessible, stable, and high-quality housing supply. ASVAL works to advance effective public policies, foster cross-sector dialogue, and advocate for a regulatory framework that acknowledges rental housing as an essential part of the housing system.