Spanish Government Wins Support to Cap Rent Hikes With New Law

Spain passes law capping rent hikes at 3% for 2024 while preparing a new index to be used for price adjustments. Limited impact expected due to regional enforcement.

Spanish Government Wins Support to Cap Rent Hikes With New Law
  • Spain has passed a law capping rent increases for next year at 3%, ending months of negotiations.
  • The new index will substitute CPI as the non-mandatory go-to-index for contracts.
  • The law may have limited impact as it would be up to regional and municipal authorities to enforce it.
Spanish Government Wins Support to Cap Rent Hikes With New Law
Spain’s government has clinched enough support in Parliament to pass a law capping rent increases for next year at 3%, ending months of political negotiations.