Thursday, May 4, 2023
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The rental price and new housing will rise up to 15% in some areas due to the new law
The rental price and new housing will rise up to 15% in some areas due to the new law
In the rental market, the offer has already been greatly reduced in recent years, due to the difficulty in evicting tenants if they stop paying. According to Idealista, the supply of rental homes has fallen by 28% in Spain in the last four years, compared to the stock of the first quarter of 2019 with those of the same period of 2023.
From the Association of Owners of Rental Homes (Asval) they affirm that «the supply of rental housing is being reduced due to the existing legal uncertainty in Spain. The approval of measures such as the limitation of rent increases to 2% or the price controls included in the Housing Law, generate distrust in owners and investors.
Posted By: Ok Daily
See the full article at: https://okdiario.com/economia/precio-del-alquiler-vivienda-nueva-subira-hasta-15-algunas-zonas-nueva-ley-10842074#:~:text=Desde%20una %20of%20the%top20,300%2C%20but%20now%20are%20400.