Spanish Parliament Blocks Bill Restricting Property Sales to Investment Funds

• The Spanish Congress has rejected a bill proposed by Sumar that aimed to prohibit the sale of residential properties to legal entities such as large investment funds.
• The proposal failed to advance due to opposition from PP, Vox, and Junts, compounded by the abstention of the governing PSOE.
• This vote marks the second time the measure has been blocked, following a similar outcome in November 2025.

Pattern of Abstention

• The PSOE's consistent abstention has stalled various progressive housing initiatives:
  • September 2025: Allowed a motion for accelerated evictions (24-48 hours) and the repeal of the 2023 Housing Law.
  • October 2025: Prevented an initiative to increase public housing spending to 2% of GDP.
  • February 2025: Blocked legislation aimed at banning private "anti-squatting" firms.
• Conversely, in March 2025, the PSOE supported a proposal to expand precautionary evictions.

Policy Stagnation

• Despite public rhetoric regarding the "right to dignified housing," the government remains split on policy implementation.
• Criticism has intensified regarding the public company 'Casa47', which has been faulted for offering too few units and maintaining high prices.
• Urgent measures, such as rental extensions and eviction moratoriums, remain delayed amidst ongoing political gridlock within the coalition.