Spain’s landlords pull 4,235 homes from long-term rentals amid decree uncertainty
Spain’s National Federation of Estate Agents’ Associations (FAI) says 4,235 properties were withdrawn from conventional rentals or diverted to other uses in the 10 days after the government announced housing decrees; another 1,523 tenancy agreements were put on hold. The measures, including eviction restrictions and extensions to some tenancies, failed in Congress, but the government has reissued them for consideration by the parliamentary standing committee ahead of the 29 November election.
Bottom line — FAI warns rental transactions could fall by 25% to 30% in the coming weeks.
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FAI’s survey covered about 600 estate agencies; it is an industry survey, not a comprehensive count of Spain’s housing stock, according to Spanien Press.
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FAI says 2,067 homes left the long-term rental market entirely, while 1,224 were put up for sale and 944 shifted to seasonal or room rentals.
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In Mallorca, Balearic estate agents’ association president José Miguel Artieda says viewings, new listings and renewals have been cancelled.
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The PSOE-backed decree includes two-year extensions for some leases expiring before 2028 and an eviction ban until 2030, according to Sur in English.
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The separate Sumar-backed proposal would make standard tenancy agreements effectively open-ended, according to Sur in English.
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Reuters reports the reissued decrees also include a 2% cap on rent increases through 2027.