In Madrid's Carabanchel district, individuals gather at the Sindicato de Vivienda de Carabanchel to discuss housing issues exacerbated by investment firms like Blackstone. Many face eviction or are grappling with rising rents due to ownership transfer of properties to corporations. Over the past decade, large firms have taken control of thousands of residential properties, significantly affecting rental and housing prices. As Madrid grapples with a housing crisis, supportive community networks become critical amid increasing evictions and a lack of affordable housing solutions in the wake of a stagnant supply and economic downturn.
Over the past decade, Blackstone has become Madrid's largest private owner of residential real estate, and the second largest in all of Spain.
Rental prices have increased 57 percent since 2015 and home prices 47 percent, according to PwC, largely because the country has failed to build enough homes for its growing population.
Collection
[
|
...
]