Prepare for a 3% rent increase
As of January 1, 2024, the extraordinary limitation on the annual update of rent in rental contracts is extended. Since the beginning of 2022, a maximum of 2% has been applied, but now, when the annual rental renewal is due, the owner and tenant will have to agree on a new price increase. Remembering that the increase cannot be greater than 3%.
In the area of Santa Cristina d'Aro and Sant Feliu de Guíxols, there is a shortage of housing supply, which is not being able to be resolved in any way by applying insufficient measures in current laws. Between the seasonal rentals that have grown very strongly and the increases in housing prices, the market is not able to stabilize and offer decent housing in the majority of towns on the Costa Brava. All this leads us to observe that the housing supply has been reduced by 12%.
If you need information about your rental and conditions in the rental contracts, do not hesitate to contact Finques Santa Cristina or Immo el Portalet, we will advise you.
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Find out the market value by requesting a free evaluation from Immo El Portalet