Barakaldo, first municipality of Bizkaia explained a voltage zone

Barakaldo has officially become the first municipality of Bizkaia and Euskadi’s Chamber by being explained by a voltage housing zone, according to the State Homes of 2023. The measure, which will be in force for three years, is looking for seeking Families assign 32.8% of their income to the payment of rent and basic costs.

In this first phase, the limitation will influence small owners with fewer than five properties, which must adjust their prices to the monthly reference index of the Ine. However, the regulations cannot be fully applied to large holders, because Euskadi does not have the autonomous index needed to limit prices, a tool that is not expected to be operational in Bizkaia until the summer.

In addition to the rental check, the statement forces the Barakaldo city council to develop an action plan that includes the construction of 600 protected houses and the mobilization of up to 1,800 empty floors through the Bizigune program.

Barakaldo is the first city in Biscay, and also the first big city to be declared a tension zone.

In the case of Barakaldo, all his expansion becomes a voltage homes. From now on, the new lease contracts for homes are not allowed to exceed the maximum reference price set based on the typology of every real estate.

In Barakaldo, the average costs for renting a house in addition to the basic costs are almost 33 % of the income of the Barrakaldo inhabitants, about three points above the limit for a city to be considered a voltage zone. In the past five years, the price of real estate has risen in real estate and the rent in this municipality has risen 3 %.