Spanish Rents Rise Twice as Fast as Inflation Hits Landlords Hard
8 Articles
8 Articles
Since October, however, after the publication of the new housing decrees, rents ending before 2028 can only be revalued at a maximum of 2%
The Housing Act establishes a number of price containment measures in the regulation of rental contracts and determines that the INE would be responsible for defining this benchmark for the annual updating of contracts in order to avoid disproportionate increases.
On Wednesday, the National Institute of Statistics (INE) published the reference index for the annual updating of rental contracts, which stood at 2.56% year-on-year in September, a rate higher than 2.47% in August and the highest since the publication of this indicator, in November 2024. With this data, the index accumulates 16 consecutive months above 2%.
Article originally published in Brains Real Estate News - Real Estate and Housing News">Brains Real Estate News The INE indicator to update the rents of contracts signed since May 2023 adds 16 consecutive months above 2%. Article originally published in Brains Real Estate News - Real Estate and Housing News">Brains Real Estate News
The National Institute of Statistics (INE) index, which limits the annual rent update, stood at 2.54% in September. It is its highest value since it was first published in November 2024. For the first time, the indicator exceeds 2.5 per cent and amounts to 16 months in a row above 2%. Meanwhile, the CPI climbed in September to 4.9 per cent, its highest rate since February 2023.
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