Circa il 57% delle case in Spagna è di proprietà di multi-proprietari e fondi
https://www.telecinco.es/noticias/economia/vivienda/20250413/viviendas-espana-manos-fondos-multipropietarios_18_015311094.html
di Menkhal
Circa il 57% delle case in Spagna è di proprietà di multi-proprietari e fondi
https://www.telecinco.es/noticias/economia/vivienda/20250413/viviendas-espana-manos-fondos-multipropietarios_18_015311094.html
di Menkhal
18 commenti
>**15% are owned by funds and 42% by owners with more than three homes.**
>**Housing offers returns of 10%, higher than the stock market or other financial markets.**
>**A total of 3.4 million people suffer from overcrowding in Spain.**
>Anthropologist and researcher Jaime Palomera calls it “the great hoarding.” A process that began in 2008, with the crisis, when hundreds of thousands of families were left homeless and investment funds arrived in Spain, buying up entire buildings.
>Little by little, the market has become more concentrated, and now 15% is owned by these funds and 42% by owners of more than three homes. They are truly investors, who see housing as a business because it offers returns of 10%, higher than the stock market or other financial markets.
>Palomera gives as an example a game of Monopoly that has already started, with all the advantages for those who are already playing, have bought, and have the money to continue acquiring properties.
>A player who enters into these conditions will be ruined; there’s nothing they can do. Best proof is that among those taxpayers who declare more than €600,000 as their income on their personal income tax declaration, 35% of their income derives from rent.
>**Tax reform as a proposal to curb housing hoarding**
>Therefore, Palomera asserts that the more rentierism grows, the more inequality increases and the more it harms the productive economy.
>Palomera proposes, among other things, putting legal barriers to housing hoarding and implementing tax reform so that those who buy their third, fourth, and subsequent homes pay increasingly more in taxes.
>In short, changing the rules of the game so that those who need a home to live can do so. So that housing is truly a right and not a financial asset.
Why to invest in industry, services and companies if buying-to-rent to locals and tourists give you bigger and more secured returns?
And even foreign investors are playing te game. In Barcelona, Málaga, Palma and Madrid foreign buyers paying in cash are the most common profile in the last years after the pandemic.
This is a huge drama that explains the low natality in native Spaniards and how the macroeconomy’s amazing numbers do not translate to the middle class quality of life but making life miserable, even in Spain.
This is dramatic, truly dramatic.
You’ll own nothing and you’ll be happy
*pretends to be shocked*
That’s why we need much higher taxes for the possession of more than 2 homes everywhere. I can understand getting one through inheritance, but we need to massively discourage the purchase of real estate as a form of investment. Homes are for living.
Spain should really incentivise investing in other assets than real estate. Maybe implementing something like an ISA and raising ta$es on multi home owners.
It’s time for some expropriations in Spain.
Spain’s PM wanted to ban non-EU residents from buying houses in Spain…will that law (if it gets passed) move the needle on this 57% home ownership by funds and multiple owners ?
I wonder if this has any correlation to birth rate
How does this reconcile with data showing that 76% of people in Spain own their own home?
https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-1a.html
Do married couples count?
I hear a crash coming.
CONFISCATE PRIVATE PROPERTY
The Spanish answer to absurd funding and building till 2008 has been not building anything anymore?
Guess what happens with stagnant supply and increasing demand.
In the UK there have been a series of financial / investment scandals, including pensions, insurance, banking and savings. Since 2008 you really can’t blame people for avoiding the financial services industry and banking and investing in what has traditionally been a good long term bet.
Maybe instead of criticising the people with a small number of investment properties we should be making the scumbag banks more ethical, more responsible and better regulated.
On the other hand the banks have probably bought all the politicians so it’ll never happen.
Owning more than 3 or 4 homes in an area where people struggle to rent should be illegal
Yeah that’s normal here aswell. Probably worse