To combat Spain’s affordable housing crisis, Barcelona has started renting out empty apartments owned by banks

Lucia Benavides Aug 2, 2018
Share Now on:
HTML EMBED:
COPY
Mainly empty apartments are seen in Marina d'Or resort on May 19, 2014 in Oropesa del Mar, Spain. David Ramos/Getty Images

To combat Spain’s affordable housing crisis, Barcelona has started renting out empty apartments owned by banks

Lucia Benavides Aug 2, 2018
Mainly empty apartments are seen in Marina d'Or resort on May 19, 2014 in Oropesa del Mar, Spain. David Ramos/Getty Images
Share Now on:
HTML EMBED:
COPY

Spain is in a housing crisis. According to the latest official figures from 2012, around 22,000 people are homeless, though more recent estimates from nonprofits say it could be closer to 40,000. And there’s a surplus of empty homes — hundreds of thousands of apartments owned by banks, repossessed during the country’s financial crisis between 2008 and 2012. Now, a new regional law would let city governments in Catalonia temporarily take empty apartments owned by banks and rent them out at subsidized rates. Barcelona began the lengthy process of expropriating apartments this spring. But some argue this measure isn’t enough.

Click the audio player above to hear the full story. 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.