They're not even happy with happy apartment owners.

Spanish President Pedro Sánchez at Moncloa Palace
14/01/2026
2 min

He gos He's a wily old fox, and he's proven it once again with the measure allowing landlords to deduct rental income if they don't raise their rents. The coalition partners have raised a huge outcry, or rather, a fuss, because they believe it benefits the segment of the population that, according to statistics, is in a better economic position. The objective, of course, is to test the People's Party (PP): will they vote against it simply because it's a Socialist Party (PSOE) measure, or will they support it at the risk of appearing weak and subservient to Vox? Similarly, the right-wing press is caught in this dilemma: it can't criticize the measure too much because it suspects that landlords will make up a significant portion, if not the majority, of its readership.

The reasonHowever, they find a way to stir things up. "The 100% income tax credit proposed by Sánchez rewards landlords who maintain rents more than those who lower them," says one headline, with a call to action on the front page. There are several traps, such as assuming that the existing reduction of up to 90% for those who lower rents in high-demand areas will remain the same, when the logical assumption is that it will be harmonized, so in this case, too, the benefit will be 100%. Besides, a quick look at the history of Spanish real estate in recent years is enough to realize that the number of rents that have actually decreased, especially in large cities, can be counted on one hand. But what this is really about, once again, is presenting any supposedly good news with a dash of vinegar. It's like those restaurants at the turn of the century that couldn't serve a dish without decorating it with a few drizzles of Modena balsamic vinegar, only here the sweetness of caramel never predominates, but rather yellow. And a rancid aftertaste.

stats