Real Estate

Junts demands ban on evictions by investment funds

Junts demands ban on evictions by investment funds RUSSPAIN.com © russpain.com
Junts demands ban on evictions by investment funds © russpain.com
Junts per Catalunya is pressing the Spanish government to block investment funds from evicting vulnerable families and to restrict their home purchases. The party’s proposals aim to curb speculation and protect tenants as the government prepares new housing measures.

Junts per Catalunya is making its support for the Spanish government’s upcoming housing decree conditional on rules that would prevent investment funds from evicting vulnerable families and buying more homes. The party’s proposals target large funds, not individual landlords, and aim to curb speculation and protect tenants.

One case has brought the issue into sharp focus. Maricarmen, 87, was forced out of her Madrid home after living there for seventy years. Her eviction, widely covered in Spanish media, has sparked outrage and renewed calls for urgent action. The case shows the human cost of unchecked property speculation.

Information from Spanish media, the anti-eviction moratorium was in effect until December 31, 2025. An attempt to extend it in a recent omnibus decree failed in Congress after PP, Vox, and Junts blocked it.

Junts says individual landlords should not face the proposed restrictions; only large investment funds, often called vulture funds, would be targeted. The party wants a direct ban on evictions of vulnerable families from properties owned by these funds, and to stop the funds from buying more homes. Its goal is to protect tenants and slow speculative buying.

Junts also wants to close loopholes that let funds profit from families in trouble. The party points to cases where banks sell unpaid mortgages to funds for a fraction of the debt, putting families at risk of losing their homes. Under its proposal, if a bank is willing to sell a €100,000 mortgage to a fund for €30,000, the homeowner should get the same deal. They would have 90 days to pay that amount and keep their home. No middleman. No eviction.

Other proposals would give public administrations first refusal when large property portfolios go up for sale and offer tax breaks to young people saving to buy a home. Junts also wants socimi, or real estate investment trusts, to receive tax perks based on how much affordable rental housing they provide. The party says anyone over 65 facing eviction must be rehoused.

The Spanish government is preparing a new royal decree aimed specifically at suspending evictions of vulnerable tenants until alternative housing is provided. Compensation mechanisms for landlords, especially small property owners, are under discussion. The government has also said it is planning “structural changes” to Spain’s eviction laws. The next few days will show whether Junts can shape the final decree.

Junts opposes blanket bans on all legal entities buying homes, arguing they would also affect cooperatives and public bodies. Its focus is on the aggressive tactics of large investment funds, which it blames for driving up prices and pushing long-term residents out of city centers.

Lara Carter RUSSPAIN.com
Journalist

Lara Carter

Lara Carter is a journalist at RUSSPAIN.COM covering Spanish current affairs, culture, tourism, transport, economy and society.