"This is a subject that my colleague [Minister of Housing] continues to develop with various entities", said Fernando Medina when asked what the limit will be for updating rents next year will be.

Given the context of high inflation, the Government decided to limit the annual update of rents to 2% in 2023 and, in return, created a tax benefit for landlords.

For this year, and given an inflation indicator that puts the annual update of rents at 6.94%, the Government began a consultation process with representatives of the sector and have not yet disclosed what the increase will be in 2024.