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Barcelona City Council declares the city as a tense housing market area

Jul 27, 2021 | Uncategorized, Uncategorized

The Barcelona City Council continues to fight to regulate the rental market in the Catalan capital. The Plenary of the Barcelona City Council has approved initially to declare Barcelona as a “tense housing market area” . This declaration will allow the regulation of rental prices in the city in accordance with the Catalan income containment law for a further five years, the maximum term provided by legislation.

As provided by the norm, the municipality of Barcelona has the competence to make this declaration so that the regulation of rental prices is applied once the first year of the law is in force. The declaration has been carried out with the vote in favor of the Municipal Government, ERC and Junts , and the opposite of Cs, PP, BCN x Cambio y the councilor not attached.

As of September, the reference price at the time of signing a new rental contract will be the lower of the price of the previous contract or 95% of what the reference price index marks of the Generalitat. The council highlights that “the measure of declaring Barcelona a tense housing market area is of great importance, since more than 30% of the city’s population lives for rent.”

The particular characteristics of the new declaration is that it will be for a period of five years, the reduction of 5% of the reference price according to the Generalitat price index, and the inclusion of homes with a higher useful surface at 150 m2.

For more information you can visit the College of Property Managers website of Barcelona-Lleida.

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Sourcehttps://www.idealista.com/

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