Post by account_disabled on Mar 12, 2024 0:52:57 GMT -5
The final CPI data for June (1.9%) published by the INE confirms that inflation is slightly below the maximum limit of 2% established by the Pedro Sánchez government since March 2022 for the annual renewal of contracts housing rental. That tenth of distance represents only a difference of 9 euros per year on average for a typical two-bedroom rental in Spain, according to the report by idealista, the real estate marketplace in southern Europe, but it opens the door to the discussion of whether it is necessary maintain this measure and, above all, what index should be applied now that inflation is below the maximum limit applied until now. Mitma defends that the LAU confirms that the rate applied can never be higher than the CPI , and the experts, that the Housing Law and the decrees before the war in Ukraine left inflation out of the annual renewal of rents. Let us remember that the maximum limit of 2% (IGC) remains in force until the end of 2023 and that from 2024 it will have a maximum limit of 3% increase.
Inflation closes June at 1.9%, compared to the maximum limit of 2% in the income update How is the annual renewal of housing rentals now regulated? What does the Urban Leasing Law say? Why does the IGC remain at a maximum limit of 2%? What will happen with the updating of rents from 2024 Cambodia Telegram Number Data and onwards? For more than a year, exactly since March 31, 2022 , the annual update of residential rental income has been in force, which has a maximum increase of 2%, referenced to the Competitiveness Guarantee Index (IGC). ). The Government intervened to alleviate the effects of the war in Ukraine on the economy, such as the increases in energy and fuel prices, the increase in the cost of raw materials and, therefore, the prices of food and the basket of goods. the purchase, which directly impact the CPI.
When this package of measures began, the last definitive inflation rate published was February 2022, which closed at 7.6%, reaching 9.8% in March of last year and exceeding 10% inflation in June, July and August 2022, respectively. This would have meant increases of more than 700 euros per year on average for rental contracts that renewed in those months, if they remained linked to the CPI. The Government was renewing the measures to fight the economic impact of the war in Ukraine in June 2022 , in December 2022 , and the last one in June 2023. But the sections on the renewal of rental contracts with a maximum limit of 2% in the event that the parties do not reach an agreement has been passed to the text of the new Housing Law , which came into force last May, after more than a year of negotiations in Parliament.
Inflation closes June at 1.9%, compared to the maximum limit of 2% in the income update How is the annual renewal of housing rentals now regulated? What does the Urban Leasing Law say? Why does the IGC remain at a maximum limit of 2%? What will happen with the updating of rents from 2024 Cambodia Telegram Number Data and onwards? For more than a year, exactly since March 31, 2022 , the annual update of residential rental income has been in force, which has a maximum increase of 2%, referenced to the Competitiveness Guarantee Index (IGC). ). The Government intervened to alleviate the effects of the war in Ukraine on the economy, such as the increases in energy and fuel prices, the increase in the cost of raw materials and, therefore, the prices of food and the basket of goods. the purchase, which directly impact the CPI.
When this package of measures began, the last definitive inflation rate published was February 2022, which closed at 7.6%, reaching 9.8% in March of last year and exceeding 10% inflation in June, July and August 2022, respectively. This would have meant increases of more than 700 euros per year on average for rental contracts that renewed in those months, if they remained linked to the CPI. The Government was renewing the measures to fight the economic impact of the war in Ukraine in June 2022 , in December 2022 , and the last one in June 2023. But the sections on the renewal of rental contracts with a maximum limit of 2% in the event that the parties do not reach an agreement has been passed to the text of the new Housing Law , which came into force last May, after more than a year of negotiations in Parliament.