Spain to tighten rental rules with room rent caps seasonal lease curbs

MADRID, Jan 12 (Reuters) - Spain’s leftist government will further tighten rental rules and restrict medium-term leases to contain soaring rents and prevent price abuse under a decree to be approved in the coming weeks, Prime Minister Pedro Sanchez said on Monday. One of the world’s most-visited countries by tourists, Spain suffers from a severe housing shortage exacerbated by a tourism boom, and has faced mass protests undefined in the past years over soaring housing costs. According to the Bank of Spain, there is a housing deficit of 500,000 homes, and official data show that only about 120,000 new homes are built in Spain every year - a sixth of the levels before the 2008 financial crisis. 🔗 Leggi su Internazionale.it

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Spain to tighten rental rules with room rent caps, seasonal lease curbs - term leases to contain soaring rents and prevent price abuse under a decree to be approved in the coming weeks, Prime ... msn.com