The new housing law, approved by the government this year, created a real earthquake in the Vigo real estate market. Owners are reacting to new legislation by taking steps to prevent it from affecting you as little as possible. In recent weeks, contractors have been receiving requests from many apartment owners to temporarily rent their homes, drawing up a contract for a certain number of months, in most cases eleven. Reason: Preventing the tenant from reaching the year and auto-renewal. It should be noted that in this case, the tenant will have a promise to continue in the apartment for up to five years with the contract.
“There can be non-payments under these circumstances, and the new law is very restrictive on evictions for those who have stopped paying their rent. That’s why more and more commitments are made to draw up temporary contracts of several months”, explains a real estate agent in Vigo who has several floors with this contract method. Monthly leases make it possible to avoid caps on future increase rents and protection of defaulters from eviction, on the contrary, they eliminate tax breaks. favoring landlords in the traditional market, facing more taxes.
The government’s housing law, which went into effect on May 26, sets new limits on the increase in rent prices. The rule maintains the 2% limit in rent increase for this year and raises it to 3% in 2024, creating a new reference index valid for the region outside the CPI until 31 December next year. In addition, the new law introduces a number of measures to make it harder for economically vulnerable people to evacuate.
“All this comes from the new law”, real estate agent insists Those who have flats for rent in this modality. It should also be noted that the owner who rents his house for a certain number of months (in the traditional, non-holiday mode) demands non-payment of the same guarantees as in normal contracts, namely a one or two month deposit. insurance … Tenants have less protection in this type of lease. For example, In case of renting a room, they can be evacuated by express way.. Also, seasonal or room rentals are more expensive.
We must not forget that we live. The minimum number of historical houses that can be rented. Without further ado, there were a total of 484 apartments on the market yesterday. The main reason real estate employers are in this situation is that homes have largely moved to the holiday market, where homeowners benefit more, and are also excluded from the new housing law. subject to traditional rental restrictions.
The problem is precisely that since there are so few flats on the market, those available fly away in just a few hours. The most demanding ones, those with one or two rooms, can only last a day or two on the market. The apartment advertisements that come out in the morning leave at noon because they are rented.
In addition to the lack of supply, the owners are tightening the conditions for entry to the apartments. It is not rented to people who see themselves as vulnerable, retire or collect SMI due to the difficulties that the landlord may face if they have to evict the tenant for non-payment. And people with pets still find it impossible to find a home that allows dogs or cats.. Separate parents with children are also other profiles rejected by landlords when renting apartments.