Spain Freezes Evictions by Investment-Fund Landlords After Protests Over 87-Year-Old Tenant

Spain’s socialist government has enacted a decree to pause evictions from investment fund-owned apartments until 2030. This decision comes after public protests, ignited by the eviction of 87-year-old Maricarmen Abascal from her Madrid home. The decree also includes measures for rent control and longer stays for tenants of small landlords.

• 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.