Access to housing remains one of the main concerns in Spain, and the government is already working on a new decree that aims to introduce significant changes to the rental market. Among the measures announced are the reinstatement of extraordinary contract extensions, new regulations for temporary rentals, and a greater push for affordable housing. Today, we at Quinta Avenida Inmobiliaria will tell you what is known so far about this upcoming decree and how it could affect both landlords and tenants.
The new housing decree aims to strengthen rental stability
The government has announced its intention to approve a new package of measures focused on the residential market in July.
One of the main objectives will be to reinstate the extraordinary extension of certain apartment lease agreements, a measure that was previously proposed and will now be included in the new regulatory text.
The aim is to provide greater stability to tenants whose leases are nearing expiration, although the final content of the decree must still be approved and subsequently ratified by Congress.
Expected changes for the real estate market
In addition to contract extensions, the government intends to introduce new measures aimed at regulating the use of seasonal rentals and room rentals.
The goal is to prevent these arrangements from being used to circumvent the regulations applicable to standard rentals and to increase transparency in these types of contracts. The proposals also include the requirement to formalize certain lease agreements in writing.
Likewise, the decree would include initiatives to increase the supply of affordable housing and streamline certain administrative procedures related to the residential sector.
How this may affect apartments in Valencia
Although the measures will apply nationwide, markets with significant rental pressure, such as Valencia and its metropolitan area, could feel their effects particularly strongly.
The high demand for apartments in Valencia and the shortage of supply have led to a significant increase in prices in recent years.
If new contract extensions and stricter regulations on short-term rentals are ultimately approved, both landlords and tenants will have to adapt to the new legal framework.
For this reason, it will be especially important to stay informed before signing any apartment rental contract.
Taxation will also play a key role in the real estate market
Another measure announced involves raising the VAT rate on vacation rentals to 21%, as part of a strategy aimed at promoting residential use of properties over vacation use.
In addition, the government is considering introducing tax incentives for landlords who offer more affordable rentals, with the goal of increasing the available supply and keeping price increases in check.
These initiatives are part of a broader package aimed at facilitating access to housing and improving the functioning of the residential market.
What Homeowners and Homebuyers Should Keep in Mind
For now, it is important to remember that the decree has not yet been definitively approved.
Until the text is officially published, the announced measures may undergo changes during the parliamentary review process.
Therefore, homeowners, tenants, and individuals interested in buying apartments or renting apartments should closely monitor developments regarding this legislation to know exactly which changes will take effect and when.
The Importance of Working with a Real Estate Agency in the Face of Legal Changes
Legislative changes can raise numerous questions for both those looking to rent and those who want to invest in or sell a home.
Working with a real estate agency and receiving advice from a real estate agent allows you to understand how the new legal developments affect each transaction and to proceed with greater confidence.
In a market subject to constant regulatory changes, having up-to-date information is essential for making sound decisions.
Conclusion on the new housing decree
The new decree that the government plans to approve in July could introduce significant changes to the housing market, particularly regarding apartment rental contracts, the regulation of short-term rentals, and the taxation of vacation rentals. Although we will still have to wait for the text’s final approval, everything indicates that the new measures will have a significant impact on landlords, tenants, and the real estate sector as a whole.
If you’re thinking about selling, buying, or renting your apartment, or if you need professional advice on apartments in Valencia, single-family homes, townhouses, or any type of real estate, don’t hesitate to contact Quinta Avenida Inmobiliaria or visit our website.
We invite you to discover more industry news and trends by visiting the website of Quinta Avenida Inmobiliaria, where you’ll find the best professional support to manage your apartment purchases, apartment sales, and rental properties with complete confidence.
