Spanish Congress rejects bill to ban selling homes to vulture funds as PSOE abstains

Spain's Congress has rejected an initiative that sought to ban the sale of housing to investment funds, with the PSOE's abstention being the key factor in its failure.

The debate on protecting housing from large investors is back in the spotlight after the vote in Congress. A measure was proposed to ban the sale of flats to so-called **vulture funds**, financial entities that often acquire large property portfolios. The initiative, however, did not go through.

## The vote and the PSOE's abstention

The proposal to ban the sale of housing to these funds was rejected in the lower house. A crucial element in this outcome was the **PSOE's abstention**. This stance, rather than a vote for or against, tipped the balance and prevented the measure from going ahead. The decision has sparked debate about the role of political parties in regulating the property market.

## The context of vulture funds and housing

**Vulture funds** are entities that invest in financial assets considered high-risk or distressed, seeking high returns. In the property sector, this often translates into acquiring large lots of homes, which can affect rental and sale prices. The housing crisis is a persistent problem in many areas, and measures like the rejected proposal aim to address it.