The inflation registered in 2022 has impacted the real estate market too. Rental prices, especially in large cities, have increased considerably, sometimes even well above the CPI. In fact, the CPI was the basis for price updates until now when some limits got approved.
This extraordinary measure, initially planned until June 30, 2022, and extended until last December, set a limit of 2% in the annual review of the rents of the rental contracts in force. The goal was to relieve the effects of applying an unusually high CPI in rental renovations. Recently, the government has extended this measure until the end of 2023.
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