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Spanish government commits to controlling rental prices

Spanish government commits to controlling rental prices FILE PHOTO: People walk past an apartment complex that advertises Properties and parking available in Madrid MADRID (Reuters) – Spain will regulate rental prices in areas where the demand for homes outstrips those on offer, Treasury Ministry Maria Jesus Montero said on Tuesday, the latest twist in a drawn-out internal spat between coalition partners Unidas Podemos and the Socialists. “The regulatory package contemplates different parts (of the real estate market) which have to be regulated, among which is the fight against exploitative rental prices,” Montero told reporters on Tuesday. Spain’s leftwing coalition government made affordable housing a policy priority, although the economic crisis wrought by the coronavirus pandemic has complicated its ambitions. The hard-left Podemos advocates price caps without exceptions.

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