Post by account_disabled on Feb 22, 2024 2:36:49 GMT -8
The residential market has experienced a flurry of changes in 2023 due to the impact of the rise in interest rates, economic uncertainty and the entry into force of the Housing Law . Among them, the proliferation of seasonal rentals and rooms in shared apartments stands out, to the detriment of long-term rental homes.
In recent months, the first flexible housing projects have also arrived on the market, a formula that mixes the rental of a home with hotel services; and the take-off of luxury residential projects promoted by hotel, fashion or automotive brands, better known as 'branded residences'. The 'coliving' segment has also been reinforced with new developments in different cities in the country and specific regulation in Madrid.
One of the most notable changes in the market in 2023 has been Job Seekers Phone Numbers List the boom in seasonal rentals. According to idealista data, this alternative to traditional long-term leasing reached 10% of all houses on the market in the third quarter, after its supply skyrocketed by 39% between July and September. The rise of these leases, which are usually signed for less than a year, has caused a decrease in the supply of long-term rentals by.
Some of the biggest falls have occurred in cities such as Las Palmas de Gran Canaria Bilbao or Madrid and still above the average are Seville, Málaga, Valencia, San Sebastian or Barcelona. Therefore, seasonal rentals are proliferating in large markets.
For the Rental Negotiating Agency (ANA), the impetus for the offer is found in the "excessive degree of interventionism of traditional rentals", which has caused a flight towards short-term rentals, and although it has advantages such as allowing landlords freely fixing the rents of their rentals and their possible updates, not establishing mandatory extensions or recovering possession of the rented homes sooner, this alternative also carries risks.
Specifically, the company warns that "the duration of a seasonal lease cannot be based on the duration of the leases," but must obey a specific and certain cause, whether work-related, study, vacation, or medical reasons. ... Therefore, there must always be a cause that justifies the temporality of the leases and that the tenants continue to maintain their habitual residence in places other than the address they rent, so justify the temporality of the leases only based on their duration It is illegal, according to ANA.
Furthermore, remember that "if the tenants demonstrate that they do not have a home where they normally reside, the seasonal rental becomes a traditional rental, and the tenants can extend it until it ends, up to five years or even up to seven, when the landlords "They are legal entities. And , furthermore, in many cases, without the landlords being able to update the rents, because in a rental that they want to pass off as seasonal, an update of rents is not usually foreseen.
In recent months, the first flexible housing projects have also arrived on the market, a formula that mixes the rental of a home with hotel services; and the take-off of luxury residential projects promoted by hotel, fashion or automotive brands, better known as 'branded residences'. The 'coliving' segment has also been reinforced with new developments in different cities in the country and specific regulation in Madrid.
One of the most notable changes in the market in 2023 has been Job Seekers Phone Numbers List the boom in seasonal rentals. According to idealista data, this alternative to traditional long-term leasing reached 10% of all houses on the market in the third quarter, after its supply skyrocketed by 39% between July and September. The rise of these leases, which are usually signed for less than a year, has caused a decrease in the supply of long-term rentals by.
Some of the biggest falls have occurred in cities such as Las Palmas de Gran Canaria Bilbao or Madrid and still above the average are Seville, Málaga, Valencia, San Sebastian or Barcelona. Therefore, seasonal rentals are proliferating in large markets.
For the Rental Negotiating Agency (ANA), the impetus for the offer is found in the "excessive degree of interventionism of traditional rentals", which has caused a flight towards short-term rentals, and although it has advantages such as allowing landlords freely fixing the rents of their rentals and their possible updates, not establishing mandatory extensions or recovering possession of the rented homes sooner, this alternative also carries risks.
Specifically, the company warns that "the duration of a seasonal lease cannot be based on the duration of the leases," but must obey a specific and certain cause, whether work-related, study, vacation, or medical reasons. ... Therefore, there must always be a cause that justifies the temporality of the leases and that the tenants continue to maintain their habitual residence in places other than the address they rent, so justify the temporality of the leases only based on their duration It is illegal, according to ANA.
Furthermore, remember that "if the tenants demonstrate that they do not have a home where they normally reside, the seasonal rental becomes a traditional rental, and the tenants can extend it until it ends, up to five years or even up to seven, when the landlords "They are legal entities. And , furthermore, in many cases, without the landlords being able to update the rents, because in a rental that they want to pass off as seasonal, an update of rents is not usually foreseen.