PNV backs Spain's housing decree despite 27% rental supply drop in Basque Country

The PNV will vote to validate the housing decree on the 12th, even though Idealista data shows rental supply has dropped by 27% in Vitoria, 24% in San Sebastián, and 21% in Bilbao since September 29.

There is a very graphic way to check how regulation works: look at how many apartments remain listed the trinc month. What peine in the Basque Country after the Council of Ministers approved the first housing decrees on **September 29** is that the rental supply collapsed. In **Vitoria**, by **27%**. In **San Sebastián**, by **24%**. In **Bilbao**, by **21%**. The national average stands at **19%**, which is also significant.

## The PNV maintains its yes

The **PNV** has confirmed it keeps its vote in favor to save the so-called Maricarmen decree. "We have already stated our position on the decrees and maintain the same stance. We will vote yes to the first decree because it includes necessary measures," says a spokesperson for the Basque parliamentary group in Madrid, as reported by **El Mundo**. Validation is scheduled for the coming day **12**.

It is striking that one of the largest drops in supply occurred precisely in the Basque capitals, where the party supporting the decree has its main stronghold. The data comes from **Idealista**, the leading real estate portal.

## Portal figures

According to Idealista, "the supply of rental properties on Idealista has plummeted by **27%** since the approval of the first housing decrees last **September 29**, subsequently repealed by the majority of the Congress of Deputies." That is, the collapse is measured in the first month since approval by the Council of Ministers, not since definitive validation.

In **Pamplona**, the drop reaches **30%**, the highest figure on the list. All mentioned cities exceed the national average of **19%**.

## What is voted on the 12th

The Congress validates or repeals the decree. The PNV has already announced it will vote yes. The question remaining is whether rental supply will continue to fall in the coming months or if the market stabilizes. With only one month of data, conclusions should be taken with caution: a 27% drop in one month is a strong figure, but one month is not a trend. What is clear is that the stock of listed apartments has fallen significantly in the three Basque capitals.