the recent Housing Lawapproved in April of this year, which seeks to put a ceiling on the increase in rental prices found in stressed market areas, has ceased or will shortly cease to be the factor that fuels the rise in prices.
The turnaround given by the PP in the last regional and local elections have made the possibility that the ceilings on rents extend to all the capitals increasingly remote. If until last May, experts and large investors did not tire of repeating to the Government that the Law was now a mistake, although the Law is still in force, it is unlikely that it will be applied in most of Spain.
Rental prices, however, continue to rise. In fact, in the regional electoral campaign, housing was a main issue and the Government came to promise its construction for tens of thousands, ignoring that in the last legislature, the promotion of a housing stock both owned and rented has shone for your absence.
In the last five years, the supply of homes for sale has fallen by 12% and the stock for rent, 28%, according to Idealista; At the same time, housing for sale has become more expensive on average by 12% and rentals by 17%. With this panorama, everything indicates that housing has emerged as a great political asset and has done so to stay.
Rent is an example. Prices continue to rise in Spain and exceed the maximums reached during the boom real estate in 2008, according to a study by Fotocasa. In this way, 13 Autonomous Communities have registered, only in the first half of 2023, the maximum historical rental price that they reached in the years of the real estate bubble, the reference that has been used during the last decade.