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HomeLatest NewsReal estate agencies are already noticing the drop in demand for rentals

Real estate agencies are already noticing the drop in demand for rentals

Date: February 26, 2024 Time: 20:41:08

Just after the Senate approves the new Housing Law, the agencies have already detected changes in their fluctuations, on behalf of all of them, the National Federation of Real Estate Associations (FAI) assures that in the real estate sector they are already suffering new drops in owners of the rental of habitual residence towards other modalities or towards the sale. In addition, it places special emphasis on apartments in large cities.

In this way, there is a lot of uncertainty at the moment among landlords, as has been underlined by the president of FAI, José María Alfaro, and he regrets that the electoral rush has given the green light to a law that does not tackle the serious problem that exists in Spain with housing.

As a result, the president of the real estate association insists that it will end up being counterproductive and will affect the tenants themselves, in addition to the fact that it will also affect small owners who are the ones who put 95% of the offer on the market.

Tenant requirements are supported

On the other hand, according to FAI, the Housing Law, will be definitively approved yesterday in the Senate, will raise the price of new rentals, will reduce the “stock” after the transfer of homes to other rental modalities or for sale and will mean problems for the s less solvent tenants since the owners will support the requirements to choose them.

It also points out that tenants will have to deposit and guarantee more deposit or guarantees; The negotiating capacity of landlords will decrease, and their profitability will also be reduced due to a lower tax incentive and a greater risk of extending the term to recover the home in the event of non-payment.

In addition, owners in stressed areas will invest less to maintain their homes; Faced with higher management costs, tenants commit to a higher minimum lease period; Landlords will tend to self-manage to save additional costs, which will translate into an increase in the underground economy, and tenants may be victims of deceit, scams or abusive conditions, they warn.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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