Summary

Tens of thousands protested across Spain, including 150,000 in Madrid and 100,000 in Barcelona, over a worsening housing crisis fueled by real estate speculation, foreign ownership, and tourism.

Organizers demand rent cuts, more social housing, and the repurposing of vacant properties. Renters face soaring costs, with many spending over 40% of their income on housing.

Protesters accuse landlords and investment funds of profiting while evictions rise.

Prime Minister Pedro Sanchez has proposed rent caps and limits on foreign ownership, calling the crisis a “social emergency” needing urgent action.

  • dogslayeggs@lemmy.world
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    16 days ago

    Rich people and corporations buy up all the houses to rent out to poor people or rich tourists. That creates a shortage of homes that are for sale for normal people to buy. It’s a false shortage. Banning corporations and foreign people from owning homes would solve a lot of it. Huge taxes for owning more than 3 homes would probably do the rest.