Spain Freezes Evictions by Investment-Fund Landlords After Protests Over 87-Year-Old Tenant
Protests erupted after police evicted Maricarmen Abascal from the Madrid home she had occupied for 71 years.
TL;DR
- Spain's government approved a decree halting evictions from investment fund-owned flats until 2030.
- The decision was prompted by protests following the eviction of 87-year-old Maricarmen Abascal from her Madrid home.
- Abascal was evicted from her apartment of over 70 years after the property was bought by investment fund Urbagestion, which sought an unaffordable rent increase.
- The new decree also allows tenants of small landlords to stay longer and caps rent increases at 2 percent.