The rental market is undergoing a profound transformation. Beyond price or demand fluctuations, a factor increasingly weighs on property owners' decisions: legal certainty.
During his participation in COPE, Oriol Canal, CEO of BUCKINGHAM Property Advisors, analyzed how this lack of confidence is directly influencing the reduction in the supply of rental housing.
Many property owners consider renting out their homes to be a high-risk endeavor. The possibility of non-payment and the uncertainty regarding the timelines for regaining possession of the property in certain situations lead numerous owners to opt for selling instead of renting.
This trend has a direct effect on the market. When the number of available homes decreases, finding a rental becomes more complicated and competition among applicants increases, generating greater pressure on prices.
Therefore, the challenge is not only to increase the housing supply, but also to create a framework that generates trust and security for both owners and tenants.
At BUCKINGHAM Property Advisors, we believe a balanced rental market can only be built by offering stability to all parties involved. Because when trust exists, supply increases. And when supply increases, the market functions in a healthier and more sustainable way.