A controversial decree
The recent decree of the Catalan Government, which regulates seasonal rent, has aroused a wide debate on its consequences for the real estate market. This measure, focused mainly on holiday rental, is not only a response to the current situation, but also represents another stage in the progressive collapse of the sector in Catalonia, with Barcelona as an epicenter.
The reaction of the market
Following the approval of the State Rent Law, the regulation of seasonal rent was initially excluded. This caused 60% of the offer to move to this modality, according to idealist data, as a strategy to avoid restrictions. The response from the political forces, mainly on the left, has been forceful, demanding stricter regulation on temporary rent.
The reality of temporary rental
Although the left is right to point out that the current use of seasonal rent has irregularities, they are based more on the economic situation than on the legality. Most contracts are short -lived, and rooms are rented for minimum periods, which challenges the proposal of a regulation that addresses the causes of the problem.
Demand as a key factor
The Catalan real estate market does not deviate from regulation due to the influence of investors or the impact of vulture funds, but because the current model is profitable. The combination of a low supply and high demand creates a situation where the price of the house is high, despite the restrictions imposed.
Adaptation to circumstances
Increasing solutions such as room rental and coliving is an adaptive response from the market to this shortage. This ‘tokenization’ of the offer seeks to maximize the benefits of limited units, trying to meet a demand that continues to grow without the supply being equal.
An uncertain future
If the current situation persists, with constant demand and restricted offer, regulation could lead to an increase in informal dynamics and black market. This paradox of regulation can cause state control to become ineffective, promoting practices such as black payment and degradation of properties.
The impact on the owners
In a scenario where owners choose not to rent due to restrictions, expropriation proposals by radical forces can gain ground. This raises a dilemma for tenants, who could be trapped in an increasingly limited and deteriorated market.
The sale as an alternative
In addition, economic experts warn that the situation could lead to a change to the sale market, where the richest could take advantage of the opportunities to invest when the prices fall. This movement would not only harm the tenants, but would also contribute to the degradation of the available housing stock, with the consequent lack of maintenance investment.
Final reflection
The evolution of the rental market in Catalonia requires careful analysis and a balanced response. The regulation, although needed, must be carefully designed to prevent good intentions from translated into adverse consequences that only benefit those who already have a great heritage.
