The price of housing continues to rise uncontrollably in our country, preventing a large number of Spaniards from acquiring their own home, along with all the consequences this entails. Those who rent out housing today are heroes, as they have everything working against them.
«The owner with non-paying tenants: a) does not collect the rent; b) pays IBI (property tax), community fees, and some utilities; c) pays taxes on income they have not received. And although there is the alternative of renting, it is not much more favorable in this regard either, which generates a sense of widespread unease in a large percentage of society. The situation causes numerous economic experts to share their own perspective on the outlook, as well as trying to offer the best advice for the population. Those who rent out housing today are heroes, as they have everything against them,» exclaimed the University of Barcelona economics professor, showing his absolute disagreement with the new implementation in the regulations.
With these statements, Bernardos does not foresee a prosperous future for property owners in Spain who have their properties for rent. One of the most prominent is undoubtedly Gonzalo Bernardos, who has publicly shared his view on this issue on repeated occasions.
The expert reacted to news of a resolution from the Central Economic-Administrative Tribunal (TEAC) stating that homeowners must declare rental income in their income tax, even if they do not receive it, including situations where tenants do not pay the corresponding fee.
«The final blow to the rental market. If it was bad, from now on it will be terrible,» stated the economist.
While there is notable discontent about this issue among a significant sector of the citizenry, the opinion of some experts can be truly different. In the meantime, the wait continues.
