Tens of thousands of Spaniards protested in 40 cities against housing speculation, with significant turnout in Madrid and Barcelona. Organizers, encompassing tenants' rights and leftist groups, argued that housing should be considered a right rather than a profit-driven commodity. They highlighted issues like exorbitant rents and the displacement of locals due to foreign investments and tourism. The rally demanded actions like rent reduction and increased social housing, while addressing the plight of residents spending over 40% of their income on rent amid rising housing costs.
"Housing should be a right, not a commodity for speculation," protest organizers said. "However, investment funds and landlords continue to accumulate profits while thousands of people are evicted."
The protest focused on Spain's housing crisis, with demands for forced rent reductions, expropriation, and the creation of more social housing, as "exhorbitant rents" fuel poverty.
The organizers allege that a small minority of property owners are "suffocating a large part of society," emphasizing that rising rents have doubled over the past decade.
Spaniards are spending over 40% of their income on rent, exacerbating the affordability crisis as foreign investment and tourism inflates property prices.
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