Mexico City approves rent control law, limiting rent increases to previous year's inflation rate.

Mexico City's legislature has approved a strong rent control law, limiting rent increases to the inflation rate of the previous year. Landlords must register all rental agreements, but the law doesn't address the city's housing shortage. Despite the lack of new affordable housing, the law aims to prevent rising rents, especially those triggered by digital nomads and short-term rentals, from outpacing inflation.

August 23, 2024
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