This year is pivotal for many property owners and tenants in Spain as over 630,000 rental agreements signed in 2021 are set to expire, impacting approximately 1.6 million people. The Ministry of Social Rights and Consumption reports this number is more than double the contracts that will end in 2025, underscoring the severity of the upcoming rental crisis. Among these contracts, many were signed during the pandemic when rental prices were forced down, leading to a substantial disparity between current market rates and ongoing leases.

As landlords prepare to end these agreements, there are growing concerns about the implications for the housing market. Experts warn that many of the leases, which were set at lower pandemic prices, could lead to steep increases in rents as they transition to market rates. Some tenants may find themselves facing increases of up to 50% compared to their previous rental costs, which raises critical questions about housing affordability and stability in Spain.

In light of this situation, experts are offering advice to renters about their rights and options. They emphasize the importance of understanding the current rental landscape, urging tenants to be proactive in negotiating contracts and seeking legal assistance if necessary. As the expiration of these rental contracts looms, the potential for a housing crisis intensifies, making it essential for all parties involved to navigate the uncertain future carefully.