Economy

More than 64,000 rental contracts in Aragon eligible for extension under housing decree

The Spanish Government expects 64,272 rental contracts in Aragon to benefit from the mandatory two-year extension included in the decrees approved this past Tuesday in response to the housing crisis. Zaragoza accounts for the largest share, with 47,665 contracts eligible for extension, followed by Huesca with 11,467 and Teruel with 5,140.
More than 64,000 rental contracts in Aragon eligible for extension under housing decree

The measure would affect 1,895,676 rental contracts across Spain that expire before 2029. Of these, 751,166 expire in 2026, another 809,899 in 2027 and 334,611 in 2028. The Spanish Government has pointed out that, according to the INE, an average of 2.5 people live in each household, and therefore estimates that around 5 million people could be “potential beneficiaries.”

RENT RISES COULD BE FROZEN OR CAPPED AT 2%

The decrees also include a limit on rental prices. Contracts priced above the maximum limit established by the state reference index will be frozen and cannot be updated until 2028. For those priced at market rates, the increase will be capped at a maximum of 2% per year.

In Aragon, this limitation affects 83,100 market-rate residential rental contracts, housing 231,600 people. Of these, 29,500 contracts, or 35.5% of the total, will be frozen, affecting 82,200 people. The other 53,600 contracts, or 64.5%, correspond to 149,300 people and will have their increases capped at 2%.

The delegation highlights that this law would allow tenants to save €12.9 million annually: €8.8 million through the freeze and €4.0 million through the 2% cap. Most potential beneficiaries are concentrated in Zaragoza province, with 180,000 people. In Huesca, 35,200 people could benefit from the measure, while in Teruel the figure reaches 16,400.

However, these measures still need to be approved this Friday, when the Spanish Government will bring the two decree-laws it drafted this past Tuesday before the Congress of Deputies, following the protests that emerged this weekend over the housing crisis.

About this article: Originally published in Spanish by AragonDigital.es and—following a selection process by our journalists—made available to the international audience of AragonDaily.com. Both newspapers belong to companies within the ARAGON DIGITAL GROUP.