Movements are on the horizon in the Spanish residential sector. The North American investment fund Blackstone, along with other funds, is in negotiations with the Spanish State regarding the transfer of 30,000 properties, which will be used to create a public housing stock.
The investment giant has offered to transfer part of its portfolio, which will be rented out, at a discount, specifically, at 20% below market price, according to El Confidencial. The Administration has access to a liquidity line amounting to 1.717 billion euros, under the Housing Plan for 2022-2025, to create this stock of 30,000 homes and Blackstone is expected to contribute the majority of the properties.
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