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GgoogleES first seen 23 h ago, last 20 h ago, peak #1

Spanish government bans vulture funds from buying undervalued homes

Original: congreso

Spain's government has moved to prohibit vulture funds from purchasing housing at less than 70% of its value, a measure aimed at curbing speculative bulk buying of homes. The announcement, reported by El País and tied to debate in Congress, is drawing attention amid Spain's ongoing housing affordability crisis and pressure on lawmakers to act.

Why now: Housing affordability is a top political issue in Spain and the measure is being debated in Congress now.

Spanish GovernmentCongress of DeputiesEl Paísvulture funds

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