Spain Real Estate News
The Housing Law, which came into force in March 2023, introduced important reforms. One of them was the rental price update-index. This indicator indicates how much rents can rise from 2025 onwards, and its main lines are already defined.
...continue reading "How Much Can Landlords Raise the Rent in 2025? A New Index for Rent Update"
It has been barely a year since the approval of the new Housing Law, which, among other measures, establishes limits on rental prices and extraordinary extensions of contracts. The goal was to facilitate access to housing. However, one of the effects it seems to have had is the increase in seasonal rental housing to the detriment of long-term rentals. This effect has been more evident in the stressed areas where supply was insufficient to cover demand.
In fact, seasonal rentals are outside the Housing Law. The Urban Leasing Law and the Civil Code regulate this market in a much more permissive and less concrete way. For this reason, the Government is already studying a regulatory framework for seasonal rentals and, to this end, has created a working group with experts from the sector.
...continue reading "Seasonal Rental Housing: What Should We Expect From the New Regulatory Framework?"
Although the first draft began in February 2022, it has been necessary to negotiate for more than a year to advance in the project. Nowadays, the last Housing Law is close to the final parliamentary procedures for its approval.
This law focuses particularly on rentals. It includes limits and incentives for property owners and measures to facilitate access to housing. It introduces significant changes that will affect the real estate market.
The school term is coming up and like every year, university students are in the middle of searching for a flat to share. This time, they are also facing the uncertainty of a year affected by COVID-19 and the possibility of new outbreaks. It seems that classes will be face-to-face, but the possibility that they will be given online with or without another lockdown is also a reality. Given all of this, it is necessary to prevent conflicts by including a COVID clause in student rental contracts.
Recent months have been tough as a result of the situation created by the coronavirus, and this is true for housing as well. Circumstances have made it so that many families, indeed up to 500,000 people, are facing difficulties when it comes to paying rent. This has led the government to take some measures in this regard, including nation-wide COVID-19 rental relief payments.
...continue reading "COVID-19 Rental Assistance"