The new rents reference index has suffered a new update. For All those rental contracts that are reviewed now, the index is 2.19%compared to 2.28% of the previous month, thus fixing the maximum rise that the lessors can execute. This index is reviewed monthly and applies to contracts that were signed after May 25, 2023, when the Housing Law entered into force.
For the calculation of this indicator, the consumer price index is taken into account, known as CPI, the underlying inflation and a parameter that establishes the relationship with the expected growth. With this, the limits to set the lease of housing And thus avoid a disproportionate rise in rentals, thus responding to Law 12/2023, of May 24, for the right to housing, which establishes that it will be the INE who will define a reference index for updating of contracts.
Thus, if a lessee, that is, the owner of a floor, wants to carry out a rise in the rental price to his tenant will have to carry out a written procedure and within a period and conditions, which has to be collected In the contract. In order for owners and tenants to easily calculate how the rental rent is updated, the Ministry of Housing and Urban Agenda has enabled a web tool for the leasers and tenants to know what is the maximum price that the rental rent can be updated.
The situation of housing in Spain
The house in Madrid and throughout Spain has had to fight in recent years against speculation. So much so that thousands of people took to the street last Sunday, February 9 to demand decent housing in a demonstration. Therefore, from the Ministry of Housing and Urban Agenda insist on the expensive social consensus that exists to regulate the market and lower income.
Regarding housing costs, Madrid continues to be the most affectedwhere the average price of the house is at 3,780 euros per square meter, being one of the most tension areas. According to the data of the main real estate portals of Spain, the rent continues to be dual digit. For Fotocasa, the rent will continue to rise by 15% to 13.55 euros/m², the highest year -on -year increase in the last 77 months, that is, in the last 6 years. The other real estate portal in Spain, idealist, points to a figure of 11.8% the rise until the square meter is reached.
From safe rent this index is criticized. For this additional service that some real estate companies provide to the landlords. This indicator is a stop to update the income so that they are always below real inflation, which discourages the rental market: “generates confusion and insecurity since during a time will coexist two different indexes. ” This idea is also shared from floors.com, who believe that there will be an imbalance between supply and demand in the country.