The new 2023 Housing Law

The 2023 housing law introduced significant changes to the rental market and access to housing. For owners, tenants and investors, it is important to understand the obligations that apply in each case.

Main changes introduced by the law

The legislation includes measures to protect tenants, rules for updating rents and specific provisions for areas declared to be under housing pressure. It may also affect new rental contracts and the allocation of certain costs.

The way the law applies in practice depends on the property's location, the type of contract and the regional regulations in force in the Balearic Islands. Therefore, before making a decision, it is advisable to seek up-to-date professional advice.

At Balear Invest, we help our clients analyse each property and its purchase, sale or rental potential with the support of specialised local contacts.