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Rentals to be Capped in Basauri After Designation as a 'Tensioned Zone'

The Basque Government has officially designated the municipality, aiming to facilitate access to affordable rentals and control prices.

Generic image: Stone facade of Basauri town hall with ornate balcony and iron railings, afternoon sunlight casting shadows.
IA

Generic image: Stone facade of Basauri town hall with ornate balcony and iron railings, afternoon sunlight casting shadows.

Basauri has been designated a 'tensioned residential market zone' by the Basque Government, a measure that will cap rental prices within the municipality.

Last November, the Basauri City Council requested the Basque Government to declare the municipality a Tensioned Residential Market Zone (ZMRT). Today, following its publication in the Official Gazette of Bizkaia, the Department of Housing and Urban Agenda has made this classification official, which will "facilitate access to affordable rentals" by controlling prices.
This regulation outlines two scenarios. Firstly, for properties entering the market that have not had a rental contract in the last five years, the maximum monthly rent will be set by the reference price index established by the Executive. Secondly, for properties with existing rental contracts, the cost will be based on the last rent paid, updated annually. In such cases, there is a possibility to increase the price by 10% if rehabilitation, accessibility improvements, or energy-saving measures have been implemented in the two years prior to the municipality's ZMRT declaration.
Basauri meets one of the legal criteria for requesting 'tensioned zone' status, exceeding the 30% threshold for housing rental cost burden, reaching 30.8%. The Basauri City Council has prepared a specific plan of measures to address existing imbalances in this area, along with its development timeline.
One of the most significant actions within the measure package is the promotion of affordable housing, and Basauri is currently undertaking several urban development projects with this objective. Between this year and 2029, the commencement of 362 new homes is projected, with 73% designated as public protection housing and 42 as endowment accommodations. The proportion allocated to rentals, through coordinated action with the Basque Government, will represent at least 46% of the total housing supply during this period.
The Nervión regional capital has long had fiscal measures in place to encourage the mobilization of private vacant housing and promote social renting. Since the beginning of this year, new measures have come into effect, such as increasing the IBI (Property Tax) from 50% to 99% for homes part of the Bizigune program, as well as a 150% surcharge on properties without registered residents.

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