Who does the maximum rental price index affect?
Tomorrow, March 13th, the new State System of Reference Prices for Housing Rental comes into effect, sparking extensive debate among tenants and landlords, especially in areas classified as tense, including Sitges and its surroundings. This system, designed to regulate rental prices and ensure more equitable access to housing, has significant implications for both parties involved in the rental market.
Tenants in tense areas: For tenants seeking to sign a new lease in a tense area, the maximum rental price index represents a determining factor. According to this system, they must rent properties at prices that do not exceed the limits set by the government. However, there is an exception for cases where the previous rent, within the last 5 years, was higher than the reference price index. In such circumstances, the tenant can maintain the previous price.
Landlords in tense areas: On the other hand, landlords considered large holders who decide to rent out a property in a tense area are required to set the rental price in accordance with the limits established by the Reference System. This measure aims to prevent abusive practices and ensure greater stability in the rental market. Likewise, landlords, both large holders and small landlords, whose properties have not been rented out in the last 5 years, must set the rental price according to the limits set by the maximum rental price index.
Operation of the rental price limit: The maximum prices established by this index are determined within a range that considers various characteristics of the property. These factors include the surface area of the property, energy certification, year of construction, state of conservation, presence of an elevator, parking, furniture, floor height, among others. The better the condition of the property, the higher the permitted price within the range set by the government.
Where to find the maximum prices of the Government Reference Index: Interested parties can access the Ministry of Housing’s website to find the maximum rental prices according to the Government Reference Index. On this site, they can filter information according to the area and specific characteristics of the property, thus determining the price range they must adhere to.
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How to find out the maximum price of my rental property according to the Price Reference Index: For detailed information on the maximum price of a rental property according to the Price Reference Index, one can consult the Ministry of Housing’s website. Through the State System of Reference Prices for Housing Rental, users can find price ranges nationwide, as well as perform specific searches by address or cadastral reference. Once the property’s characteristics are provided, the reference index will provide a price range to adhere to.
In summary, the maximum rental price index has a significant impact on tenants and landlords in tense areas, by regulating rental prices and promoting greater transparency in the housing rental market.
If you have any doubts regarding this changing situation, do not hesitate to contact Living Sitges, we are very up-to-date and will be happy to assist you! For more information on how this system affects a specific property, it is recommended to consult the Ministry of Housing’s website and use the State System of Reference Prices for Housing Rental.
Article by Living Sitges Real Estate
