vulture funds

Spain's government has moved to prohibit vulture funds from purchasing housing at less than 70% of its value, a measure aimed at curbing speculative bulk buying of homes. The announcement, reported by El País and tied to debate in Congress, is drawing attention amid Spain's ongoing housing affordability crisis and pressure on lawmakers to act.

Spain is seeking to ban so-called vulture funds from operating in its housing market. The proposal targets investment vehicles that buy distressed property cheaply, amid concerns over rising rents and housing shortages. The reported move has drawn attention internationally, with debate expected over its impact on foreign investment and housing affordability across Spain.