Spain’s Socialist government hits apartment landlords with rent cap

Just weeks before Spain’s upcoming general election, the country’s ruling Socialist government has issued a decree limiting rent increases on apartments to the inflation rate. Among the landlords affected by this move is Blackstone, which has invested billions of dollars in Spanish real estate since the country’s 2012 financial crash, Bloomberg reported. “Companies that were thinking about investing in the real estate sector will rethink now whether Spain is attractive,” Madrid property and insurance lawyer […]

source https://therealdeal.com/2019/03/16/spains-socialist-government-hits-apartment-landlords-with-rent-cap/

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