The Housing Law can remove more than 100,000 apartments

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Small landlords plan to remove 108,500 homes from the rental market (11.7% of those currently rented in Spain) due to the impact of the new Housing Law, according to a study prepared by the Tecnocasa Group and the Pompeu Fabra University ( UPF) and presented this Wednesday. José García-Montalvo, professor at the UPF and coordinator of the report, has highlighted that a large part of this impact will occur even if the new law is not finally applied, due to the psychological impact that its debate and the insecurity experienced by the sector has had on the owners. The study, carried out on clients of the 850 offices in the Tecnocasa network, indicates that the rental limit in stressed areas (22%) and legal uncertainty are the two causes most cited by owners who They want to stop the rent, while the impossibility of having the CPI reflected in the rent is the reason given by  of the owners.


Sale or alternative uses after the end of the contract According to the Tecnocasa study, the departure of the homes will occur when the rental contracts that are currently in force end: 7.7% of the owners plan to sell Job Function Email Database the home, while 4% will look for other options, such as renting it. with uses other than housing. Lázaro Cubero, Director of Analysis of the Tecnocasa Group, remembers that in cities like Madrid or Barcelona, ​​​​with a large percentage of floating population, there are rental options for students or for short periods. The largest reductions in housing supply would occur in Toledo and Guadalajara, with more than 15%. In the city of Barcelona the supply would be reduced by  (24,090 fewer homes) and in Madrid by fewer homes.



District, the most affected areas would be the Eixample of Barcelona, ​​​​with a decrease in supply of more than 16%, and the center of Madrid, with a reduction of 14.6%. Montalvo has pointed out that the sale of these homes can also have an additional impact by accelerating gentrification, as has happened in San Francisco. “The rental income of 2,500 euros/month can be paid by local professionals, but the purchase of these homes, with the current mortgage conditions, is only accessible to international managers.” read also Cubero has highlighted that in the two capitals the reasons why owners decide to leave the rental market vary greatly. Thus, while in Madrid it is mainly due to legal uncertainty (70.9%), in Barcelona it is due to the limitation of income in stressed areas (63%). The Tecnocasa study has been carried out only with private owners, since the group does not work with large holders.