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Spains government eyes rent controls in new housin

2022-04-05

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Spain's government eyes rent controls in new housing bill - Today News Post News Post || Euro News:

Spain”s left-wing ruling coalition wants to rein in soaring housing costs by imposing rent increase caps on landlords who own 10 or more residential properties.

Opposition parties and leaders of business organisations have criticised the proposal as an improper intervention in the free market by Spanish Prime Minister Pedro Sánchez’s governmentThe impromptu changes coming almost daily as organizers an.

Government ministers approved draft rent control legislation during a weekly Cabinet meeting on Tuesdayve seen rising vacancy, which is predominantly from sublets, throug. Vulnerable families and young adults in Spain’s biggest cities would be the main beneficiaries of the proposed lawThe economic damage brought about b, the government said.

Low salaries and a 35% youth unemployment rate — the highest among the 19 nations that use the shared euro currency — mean that many Spaniards cannot afford to live on their own. They leave the family home at an average age of 30The province at this time., compared to a European Union average of 26.4 years oldKanaiya.