The approval of the mandatory extension of all rental contracts expiring before 2029, which is being voted on this Thursday in the Permanent Deputation of Congress, would mean a median saving per household in the Canary Islands of up to 7,596 euros over the entire period in which these contracts are extended, according to sources from the Ministry of Consumer Affairs.
The median saving - of 4,341 euros for Spain as a whole - is the value that occupies the middle position in a table when data is ordered from least to greatest. Unlike the average, it is not summed and divided, but rather it is the physical midpoint of a set of ordered data.
The extension of contracts, which is provisionally in force after the approval of the two housing decrees by the Council of Ministers, affects a total of 1,895,676 contracts, which would have an impact on almost five million people, according to the same sources.
In the Community of Madrid, over the entire extension period, the median saving amounts to 9,152 euros per household, while in the Valencian Community it ranges from 3,890 euros in Castellón to 8,436 euros in Valencia.
In Andalusia, the median saving per household over the entire extension period ranges from 2,044 euros in Córdoba to 10,625 euros in Málaga, and in the Balearic Islands it amounts to 10,090 euros per household.
In the Canary Islands, it would reach up to 7,596 euros in Santa Cruz de Tenerife, in Galicia, up to 3,455 euros in Lugo; in Aragon, up to 4,110 euros in Zaragoza; in Murcia, to 2,945 euros; and in Asturias, to 3,997 euros.
For its part, in Castilla-La Mancha the median saving per household would reach 6,220 euros in Guadalajara, and in Castilla y León, it would be 6,257 euros in Segovia.
In Cantabria, the saving would amount to 3,836 euros per household, in Extremadura, up to 3,464 euros in Cáceres, while in La Rioja the approval of the rental extension would mean a median saving per household of 3,218 euros, according to these sources from Consumer Affairs.
In Catalonia, as these are predominantly areas declared as stressed residential market areas, no economic impact assessment has been carried out.
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