The legislature of Mexico City has passed a groundbreaking rent control law, marking the most significant measure since the 1940s. The new law restricts rent increases to the rate of inflation from the previous year, aiming to address concerns over escalating rental prices in the city.
Historically, rent controls in Mexico City date back to the 1940s when rents were essentially frozen, a practice that continued for decades. However, these controls were largely lifted in the 1990s, leading to a surge in rental costs.
