Owners will be able to increase the price of rentals that are renewed in July wi

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The Government of Spain eliminates the extraordinary 6-month extension for current rental contracts, a measure that was approved in 2022 and that had been extended until June 30, 2023. Now, owners will be able to increase the price of the rentals without limits. rentals that are renewed from July 1 when a new contract is formalized.

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What does the end of the rental extension mean?
This measure was part of the Government's shock plan Romania Email List to alleviate the economic and social consequences of the war in Ukraine.

Thus, a lease that expired before June 30 (after the entire system of rent extensions already included in the Urban Leases Law) had to be renewed with the same conditions for 6 more months, if the tenant requested it. .

Now, the owner is not obliged to extend the contract that expires : he can formalize a new one with the same tenant or with another tenant and with the freedom to establish a new rental price.


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The Government maintains other measures of the same package, such as the 2% limit for income updates

The new rule maintains other measures that last until December 31, 2023. Among them, 2% limits stand out when increasing rental prices annually . This limit is considered a temporary measure until the limits proposed by the Housing Law come into force :

By , the limit on rent increases is raised to 3% .
By  a new reference index will be created that will replace the CPI or the IGC that have been used until now.
In areas declared to have a stressed residential market , once they have been definitively approved, measures to freeze the rental price would be applied based on the previous contract.



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Maximize the profitability of your rental apartment
One of the topics of conversation that has emerged in the real estate sector is that the limits on rent increases were affecting the profitability of housing .

Although official data on profitability did not show a negative trend in this variable, those rental contracts that end now will be able to adjust to current rental prices , which do show an upward trend in almost all cities in the State.

If that is your case, we advise you to contact an online real estate platform that offers a comprehensive rental management service , such as Housfy Rental , to have personalized attention on the new rental measures and not miss any news in this regard.