Housing
Spain
In 2023, Spain introduced a new housing law – Law 12/2023 – in a bid to control rent prices in stressed areas. But in Catalonia, the new law is discouraging new rental contracts, with many property owners choosing not to put their properties up for rent under the new rules, and existing tenants staying put due to fear that they won’t be able to find anywhere else to live. This has resulted in high competition for rental properties, in Barcelona, as an example, each rental listing typically receives 60+ applications. Landlords have been enforcing tougher terms for Tenants including proof of regular and stable income, guarantees, and/or multiple co-signers required; and certain groups of renters e.g. young people, newcomers (including foreign workers and expats), and middle-income families are finding it extremely tough to secure a property.
To tackle the situation, housing experts are urging the government to boost the rental supply, especially for long-term tenants; to reinforce legal security for both landlords and tenants; and to encourage public-private partnerships with the aim of increasing access to affordable housing. So far, however, the government has not responded.



