The Spanish Government, through the Ministry of Housing and Urban Agenda, is preparing a royal decree to distribute 90 million euros among the autonomous communities that have declared tensioned residential market zones. This instrument, contemplated in the housing law, allows intervention in rental markets where significant access problems are detected.
The communities that will receive these funds are Catalonia, the Basque Country, Navarra, Galicia and Asturias, the only five autonomous regions that so far have used this figure to regulate their rental markets. These regions have used the price cap mechanism to try to control the escalation of rentals.
Communities governed by the People's Party are excluded from these funds. The article indicates that the central Government is economically prioritizing those autonomous regions that have decided to apply the most controversial measures of the housing law to intervene in their rental markets.
This distribution of 90 million euros is part of the efforts of the Ministry of Housing and Urban Agenda to incentivize and compensate the communities that have taken the decision to declare tensioned zones, an instrument that has generated debate due to its impact on the real estate market and on rental property owners.
