By Catherine McGeer • Published: 19 Apr 2023 • 12:04
Image of coastal Spanish resort. Credit: CLC World Resorts/Flickr
THE Spanish Government agreed on a new housing law in April 2023. This new law, which is the first of its kind, has finally been agreed upon after a year of talks and is pending approval by the Spanish Parliament. It focuses on rental properties in what they are calling ‘stressed areas’. A ‘stressed area’ under the new law is an area where the cost of the mortgage or rent, plus bills and other basic property costs, exceeds 30 per cent of the average income or where the rent has risen by five per cent above the Consumer Price Index (CPI).
This new law has redefined what a large and small landowner is. A large landowner is now someone who owns five properties or more, it used to be 10. A small landowner owns less than five properties. The most controversial part of this new law is the fact that the tenant will no longer pay the real estate fees. To ensure there are no loopholes in this new law they have prohibited the inclusion of extra charges (community fee, garbage removal, etc..) and you cannot come to an ‘agreement between parties’ contrary to the housing agreement. They have included tax benefits that will help offset these extra costs for the owners.
Another big change is the elimination of the CPI when calculating the cost of the rent, it is capped and cannot increase by more than 2 per cent in 2023 and 3 per cent in 2024. They have also included new measures to protect against evictions.
For a look at the changes in more detail see the following link: https://www.idealista.com/news/inmobiliario/vivienda/2023/04/14/805401-el-gobierno-pacta-cambios-en-la-ley-de-vivienda-tope-a-todos-los-alquileres-mas
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
I am an Irish writer who has been living in Spain for the past twenty years. My writing centers around the Costa Cálida. As a mother I also write about family life on the coast of Spain and every now and then I try to break down the world of Spanish politics!
thanks for the info!
Good article and well written
very interesting
Nice one
Very useful information well written
Regarding Spains new laws useful information thankyou
Spain, where levelling down is progress, who thinks these things up? Instead of lifting people out of poverty the aim is to put everyone into it. Communism at its finest.
D.I.L.L.I.G.A.F
Good write up, thanks
Comments are closed.
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.