Sumar and PSOE Agree to Extend Rent Shield
The PSOE and Sumar parties have made an agreement. They will extend rent controls until July 2028. This will protect rental prices for many people.
The Spanish government, including the PSOE and Sumar parties, has reached an agreement. This agreement extends rent controls for leases that end before July 2028. It will protect nearly four million tenants. The government also plans to increase the Value Added Tax (VAT) on tourist apartments to 21%. The parties are now working to get approval from other groups in Congress.
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Highlights
Sumar and PSOE Agreement
The Sumar and PSOE parties have agreed to extend rent controls until July 2028.
Rental Price Freeze
The agreement includes a freeze on rental prices for expiring leases.
Impact on Renters
This will help almost four million people with their rents.
VAT Increase on Apartments
The plan raises the VAT on tourist apartments to 21%
Congressional Approval Needed
The agreement needs approval from other parliamentary groups.