Government caps rents at 2% as inflation approaches 5% and allows tenants to stay for up to ten years
Government has approved a rent reform that caps rent increases at 2% in an effort to control prices. This comes on the same day it was revealed that inflation is approaching 5% due to the “change in economic scenario” caused by rising fuel costs across the economy. On one hand, prices are skyrocketing well beyond expectations; on the other, rent controls penalize around 1.3 million small landlords, who will have…
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