Government extends ban on vulture funds buying cheap homes until 2030
Spain's government approved new housing decrees that push the prohibition on vulture funds purchasing properties at 70% of market value from 2028 to 2030 and add detailed exceptions.
On Tuesday the Spanish government enacted revised housing decrees that largely replicate the text previously rejected by parliament, with minor preamble adjustments and a new allocation for mortgage loans. A key change is the extension of the prohibition on vulture funds and large property holders buying homes at 70% or less of market price, now lasting until 2030. The ban covers both occupied dwellings and residential-zone buildings and is enforced through valuations by an independent appraisal body linked to the Bank of Spain.
Detailed exemptions allow purchases at the low price for social-housing use, care facilities, vulnerable groups, or when the buyer follows a Code of Good Practices approved by the Council of Ministers, primarily aimed at public-sector rental operators. The decree also clarifies that evictions of vulnerable occupants remain prohibited, even in cases involving mortgage-foreclosure sales. Existing purchase contracts already formalised in public deeds are exempt from the new rules.
Why it matters
The extension tightens control over affordable housing, limiting speculative buying and protecting vulnerable renters.
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