2023-09-27 21:17:09
The rental market is really broken following the enactment of the rental law. So much so that the supply was drastically reduced and the prices are unattainable for the majority of the population.
In this context, we communicate with Viviana Yacoubarchitect and public auctioneer, who spoke regarding the situation of the real estate market with respect to rentals.
Rentals without a roof
“There is a lot of expectation in the real estate market ahead of the elections but rents are very complicated”said Yacoub, who then added: “The laws cause the market to contract due to uncertainty.”
“There are no clear rules and we hope that the situation will be resolved in the short term,” the expert said. “Agreements need to be made between the parties and everything goes back to how it was before”he added.
Along those same lines, the expert said that “we must forget regarding the rental law.” “Before there were not the inconveniences that there are now“That affected the rental market a lot,” he added.
Finally, Yacoub said that the real estate market sees a runoff, which will generate uncertainty between now and December. “People have an idea of how things will happen following the new mandate”he concluded.
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