It is not immediate but you have to trust in the supply and demand that will gradually regulate the market, since the biggest problem with the current law is the three years and the annual update.
The damage generated by the Rental Law They are incalculable. The stoppage is total in the face of so much uncertainty. But we are tired of complaints and ideas are scarce. So I wonder why not copy the models that work? It's not even about being creative.
Here's the secret: When it is announced that the contracts are annual, many apartments will be put on the market, that will change the offer. In other words, there will be greater supply and prices will go down.
It is not immediate but you have to trust in the supply and demand that will gradually regulate the market, since the biggest problem with the current law is the three years and the annual update.
If we can make the contracts annual - as they informally are today - we give a real solution to the entry of rental properties into the market.
The only balm that the sector has is found in the temporary rental market. This is a rapidly growing market.
It is clear that the biggest problem is inflation. Today, if they decide to repeal the law, we will find that the market seeks to make agreements for one year and then see what happens.
The only way to lower the real value of rentals is by generating greater supply. It is no business for an owner to have the property empty, but given the uncertainty generated by this chaos, many are still waiting with the door closed.
Scope
June 24, 2023
