The latest Housing Rights Act was published in May in the Official State Gazette and forms part of the Recovery, Transformation and Resilience Plan. According to the La Moncloa site, the measure aims to boost affordable housing supply, reduce tensions in the rental market, and assist young people and vulnerable groups in securing housing. It also presents options for autonomous communities and municipalities to regulate or lower rental prices and introduces tools to increase the stock of social rental housing.
This rule has sparked substantial debate in recent years. The agreement sets a rental price ceiling at 3 percent and includes a review window until 2025. It also establishes a threshold for defining a large property owner, set at five dwellings owned by a real or legal person.
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The big change brought by the Housing Law for renters
Renters know that securing a first home involves many costs. The security deposit can exceed a month’s rent, depending on the contract. Real estate portals may also charge a tenant a fee to cover the costs of the agency that handles the transaction.
Parliamentary groups stated that expenses and fees associated with renting and property management will be the responsibility of the owner. When the new law takes effect, tenants and landlords will no longer be charged agency fees at the moment a home is rented. This shifts the burden of these costs away from tenants, reducing upfront barriers to housing. Real estate services will be covered by the property owner, and the owner will bear the service costs involved.
Law No. 12/2023 dated 24 May on the right to housing published in the BOE
On Thursday, May 25, Law 12/2023 on the right to housing, dated May 24, appeared in the Official State Gazette. Beginning on the 26th, it will be illegal for real estate agencies to charge tenants for any management costs. The responsibility for these costs shifts to the homeowner. Autonomous communities will gain authority to regulate rents.