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País Vasco, Navarra and Valencia Open The Door to The Expropriation of Homes Like the Balearic Islands

The Government of the Balearic Islands already has in place regulations in this regard and recently started procedures to expropriate 56 properties.

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In recent months, the debate has increased regarding the expropriation of homes owned by natural and legal persons with more than ten properties to their name.

The first step has been taken in the Balearic Islands. Through the regional Housing Act approved there in 2018, the Government has begun the expropriation of 56 properties to be used for affordable rental. And the Governments of other regions, such as Aragón, the Community of Valencia, País Vasco, Navarra, Cataluña and the Canary Islands are studying similar legal alternatives to allow them to place empty homes owned by companies, banks and investment funds on the social rental market.

Read the full article in Spanish.

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