Post by account_disabled on Mar 12, 2024 10:56:25 GMT 1
First administration of the mayor of Barcelona, Jaume Collboni , in the field of housing in the Catalan capital. Today the politician signed the decree to declare the city an area of stressed housing market, in accordance with what is provided for in the new state Housing Law. With this decision, Barcelona City Council agrees to the process initiated by the Generalitat to define the market areas and takes a step towards making the regulation of rental prices a reality as soon as possible.
The new Housing Law provides for four requirements so that a territory or municipality can be declared a tight market area, with the condition that at least one is met. In the case of Barcelona, three are true: that the percentage of household income dedicated to paying rent and mortgage, in addition to supplies, exceeds 30%, and that the increase in rental prices in the last five years is three percentage points higher than the evolution of the CPI .
According to the latest data, Barcelona Cambodia Telegram Number Data residents dedicate 36% of their income to paying rent. According to these data, in 2020, the average rental price was 964.80 euros per month; supplies, at 248 euros per month; and the average annual income per household, at 40,424 euros.
The rental price in Barcelona has experienced an increase of 21.1% in the last five years (from 889.60 euros per month on average in the 4th quarter of 2017, to 1,077.50 euros per month in the 4th quarter 2022), while the accumulated growth of the CPI in the same period stands at 14.6%. Therefore, the difference between the two percentages is 6.5 points, more than double what the law provides for being able to declare your market area.
The Housing Law establishes differences in establishing the rental price of a home depending on whether the owner is a large owner or not, that is, if he or she owns 10 or more homes, in accordance with the initial regulation of the Generalitat. In the case of large tenant homes, the rental price will be limited to the Generalitat's reference price index, while in the case of small tenants the price of the new contract will be set by that of the previous contract. If there is no lease for the previous five years, the price will be defined by the index.
At the same time, the tense market declaration provides tax benefits for individuals who rent homes they own. In new lease contracts, the percentage reduction of the net income in personal income tax will be 50%, a percentage that may be increased to 90% in the event that the rental price is 5% lower than the previous contract. If the home is rented to young people up to 35 years old, the bonus will be 70%.
The declaration of a tense housing market will be valid for three years, which may be extended annually as long as any of the requirements established by law are met.
The new Housing Law provides for four requirements so that a territory or municipality can be declared a tight market area, with the condition that at least one is met. In the case of Barcelona, three are true: that the percentage of household income dedicated to paying rent and mortgage, in addition to supplies, exceeds 30%, and that the increase in rental prices in the last five years is three percentage points higher than the evolution of the CPI .
According to the latest data, Barcelona Cambodia Telegram Number Data residents dedicate 36% of their income to paying rent. According to these data, in 2020, the average rental price was 964.80 euros per month; supplies, at 248 euros per month; and the average annual income per household, at 40,424 euros.
The rental price in Barcelona has experienced an increase of 21.1% in the last five years (from 889.60 euros per month on average in the 4th quarter of 2017, to 1,077.50 euros per month in the 4th quarter 2022), while the accumulated growth of the CPI in the same period stands at 14.6%. Therefore, the difference between the two percentages is 6.5 points, more than double what the law provides for being able to declare your market area.
The Housing Law establishes differences in establishing the rental price of a home depending on whether the owner is a large owner or not, that is, if he or she owns 10 or more homes, in accordance with the initial regulation of the Generalitat. In the case of large tenant homes, the rental price will be limited to the Generalitat's reference price index, while in the case of small tenants the price of the new contract will be set by that of the previous contract. If there is no lease for the previous five years, the price will be defined by the index.
At the same time, the tense market declaration provides tax benefits for individuals who rent homes they own. In new lease contracts, the percentage reduction of the net income in personal income tax will be 50%, a percentage that may be increased to 90% in the event that the rental price is 5% lower than the previous contract. If the home is rented to young people up to 35 years old, the bonus will be 70%.
The declaration of a tense housing market will be valid for three years, which may be extended annually as long as any of the requirements established by law are met.