Protesters blame 'vulture funds' for Spain's housing crisis
Summary
Protesters in Madrid are demonstrating against Spain’s housing crisis, blaming “vulture funds” and landlords for rising rents and lack of available homes. The Spanish government has proposed new laws to limit profit-driven housing practices, but Congress rejected them, leading to a snap election.Key Facts
- Hundreds of people have camped out in Madrid to protest Spain’s housing crisis.
- Protesters say “vulture funds” buy empty homes and raise rents to force people out.
- Rental prices in Spain have increased by an average of 84% over the last 10 years.
- In some cities like Málaga and Marbella, rent increases have been over 100%.
- The government introduced emergency measures to control housing speculation but Congress rejected them.
- Many Spanish people want higher taxes on owners with many properties and limits on short-term rentals like Airbnb.
- Some Spaniards support taking empty homes away from large owners to help renters.
- Experts say it is not clear how many homes are owned by large investment groups involved in speculation.
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