Mallorca rents: PP and Vox fear fewer homes to let
Mallorca renters could have fewer homes to choose from: the People’s Party (PP) and Vox warn that two new Spanish housing decrees may persuade landlords to stop letting their properties. At a press conference in Palma, Mallorca, on Wednesday 30 September, the parties criticised measures approved by Spain’s Council of Ministers the previous day.
PP fears small landlords will pull back
PP spokesman Sebastià Sagreras said the decrees appeared to target large property funds but would, in his view, hit families and small landlords instead. He said they account for 96 per cent of lets in the Balearic Islands. The rules would make them fearful and uncertain, he argued, leaving people looking for a home with fewer options.
Sagreras objected to a proposed rise in personal income tax for people with an empty second home. He also opposed compensation that landlords could have to pay if they fail to carry out an automatic lease renewal. But he welcomed tax incentives for affordable lets, more public housing and help for the most vulnerable. Because the PP would have to vote for or against each decree as a whole, he urged the Spanish government to negotiate a new text with his party.
Vox predicts higher rents
Vox spokeswoman Manuela Cañadas called the decrees an attack on private property. She predicted fewer homes to rent and higher rents.
Cañadas also linked rising house prices to Spain’s population growth and what she said was a failure to build enough homes. Neither party’s forecast establishes what will happen to Mallorca’s rental supply.
Source: Europa Press / Mallorca.com