LONG-TERM RENTALS VS. SHORT-TERM RENTALS : THE NEVER-ENDING STORY

Spain’s new Rent Law appears to introduce a cap on long-term rental prices, with the aim of making it easier for residents.
This initiative could bring major changes to the Spanish rental market and have a significant impact on the lives of citizens.
With the new Spanish Rent Law, residents could benefit from greater stability and predictability in long-term rental costs.
The implementation of a cap on rental prices aims to counter the exorbitant rise in rental prices and ensure that rents are affordable for all.
However, it is also important to consider the potential negative consequences of this measure.
If the cap were set too low, it could limit the supply of rental housing on the market.
This could lead to a reduction in available rental opportunities and increased competition among interested parties.
It is crucial that the new Rent Law in Spain strikes a balance between protecting residents and making the rental market sustainable.
It will be interesting to monitor the implementation of this law and to assess the effectiveness of the measures taken in achieving its goals Although the new Law on Renting in Spain offers the possibility of capping long-term rental prices, it is necessary to carefully assess all the implications and consider the overall picture of the rental ecosystem in Spain to fully understand the effect this measure could have on residents and the housing market as a whole.

VIVIENDA VACACIONAL WILL CONTINUE TO INCREASE AND BE A SAFE AND GUARANTEED INVESTMENT IN MY OPINION AND I’LL EXPLAIN WHY

The new long-term rent cap law, scheduled to be passed by the end of the month, may have an effect contrary to what was hoped.
Although the goal is to help residents cope with exorbitant monthly rents relative to their income, by eliminating the real estate fee charged to tenants and shifting it to landlords, it could discourage landlords themselves from renting out their residential properties.
This, in turn, would further reduce the availability of homes for residents, joining the thousands of vacation homes, i.e., Vivienda Vacaciònal already in place.
This situation could be viewed positively by us Real Estate Agencies who manage properties for short rentals, however, as we are also residents on the islands, we are aware that we could be negatively affected from another perspective.
In summary, it seems that once again we cannot find a solution that reconciles the free will of the owners, the needs of the residents, and the continued development of tourist rentals, which has rightly become the main economic sector of the islands and is unlikely to fade away.
So the Vivienda Vacaciònal will always remain a safe and guaranteed investment.