The new Housing Law passed on 1 January lays the foundations for regulating different areas of the real estate sector. In this publication we will focus on one of the aspects that is of most concern to small landlords, namely rent control.
We have to distinguish between small and large landlords. While large landlords (more than 10 properties) will have to adapt the price of their rents to the reference index of the area where their properties are located, small landlords will be able to benefit from tax advantages when lowering the price of their rents:
1. 50% rebate to all those owners who rent out their property.
2. 70% discount:
-If it is rented for the first time to young people between 18 and 35 years of age.
-If it is a new contract with improvements or rehabilitation.
3. 90% rebate if it is in a pensioned area.
The new law protects tenants, but it also makes it easy for small landlords who will be able to access tax advantages that did not exist until now.