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A legal perspective of current challenges of the Spanish residential rental market - imarina:3668989

Autor/es de la URV:Nasarre Aznar, Sergio
Autor según el artículo:Nasarre-Aznar S, Molina-Roig E
Direcció de correo del autor:sergio.nasarre@urv.cat
Identificador del autor:0000-0001-9086-2533
Año de publicación de la revista:2017
Tipo de publicación:Journal Publications
ISSN:17561450
Referencia de l'ítem segons les normes APA:Nasarre-Aznar S, Molina-Roig E (2017). A legal perspective of current challenges of the Spanish residential rental market. International Journal Of Law In The Built Environment, 9(2), 108-122. DOI: 10.1108/IJLBE-03-2017-0013
Referencia al articulo segun fuente origial:International Journal Of Law In The Built Environment. 9 (2): 108-122
Resumen:Purpose: This paper aims to explain the main difficulties in the Spanish residential rental market becoming a true alternative to home ownership. Design/methodology/approach: Currently, the Spanish rental market only meets temporary housing needs; it is very atomized and lacks professionalism. It does not provide an adequate legal framework to fulfil the parties¿ aspirations (i.e. stability, affordability and flexibility for tenants; profitability, security and guarantees to landlords). The analysis of this proposition and the resulting proposal are based on six years of research, which started with the TENLAW European project. Findings: Overcoming these constrains is essential to double the rate of residential leases in Spain and get closer to the European average, thus achieving a true diversification of housing tenures and avoiding future housing bubbles. Practical implications: The paper makes a series of recommendations to legislators and policymakers to draft an adequate legal framework aimed at increasing the housing rental market share. This is based on the experience of mature tenancy markets in Europe, such as the German, Swiss and Austrian ones. Social implications: The new proposed legal framework will help to transform the tenancy model in Spain into a functional one, making it more stable, affordable and flexible, while increasing safety and profitability for landlords. The model is also applicable, on a more general level, to all Mediterranean European countries. Originality/value: Rethinking the regulation of tenancies, in a context of housing crisis and unaffordability (still a reality in many European and worldwide countries) has valuable potential for making this type of tenure more popular and for avoiding future housing bubbles.
DOI del artículo:10.1108/IJLBE-03-2017-0013
Enlace a la fuente original:https://www.emerald.com/insight/content/doi/10.1108/IJLBE-03-2017-0013/full/html
Versión del articulo depositado:info:eu-repo/semantics/submittedVersion
Departamento:Dret Privat
URL Documento de licencia:https://repositori.urv.cat/ca/proteccio-de-dades/
Áreas temáticas:Urban studies
Management, monitoring, policy and law
Law
Dret
Ciencias sociales
Palabras clave:Tenancies
Rent control
Real estate investment trusts
Leases
Housing bubble
Homeownership
Entidad:Universitat Rovira i Virgili
Fecha de alta del registro:2023-04-01
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