Is Spain’s anti-eviction decree a fix for its housing crisis?
Summary
Spain’s left-wing government is proposing a ban on evictions until 2030 to help with the country’s housing crisis. This follows protests sparked by the eviction of an 87-year-old woman, Maricarmen Abascal, from her long-time home after a large rent increase by a real estate company.Key Facts
- The Spanish government plans to ban evictions until 2030 and limit actions by large investment firms called "vulture funds" in housing.
- The eviction of Maricarmen Abascal, who lived in her home for over 70 years, caused protests with over 10,000 people joining.
- Abascal’s rent was raised from 500 euros to 2,650 euros monthly, far beyond her pension of 1,350 euros.
- The government will vote on two decrees to enforce these new housing rules, but the left-wing minority faces challenges gaining enough support.
- Housing Minister Isabel Rodriguez Garcia criticized the rise of speculation and large investors pushing up rents.
- Wealth in real estate is very uneven in Spain: the richest 10% own about one-third of all property wealth, while the bottom half own just 15%.
- The protests spread to multiple Spanish cities in support of stopping more evictions.
- Prime Minister Pedro Sanchez called evictions a "social tragedy" and blamed regional governments led by the conservative People’s Party.
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