Barcelona tells landlords: Find tenants or we will rent your property as affordable housing

<https://www.thelondoneconomic.com/property/barcelona-tells-landlords-find-tenants-or-we-will-rent-your-property-as-affordable-housing/20/07/>

"Barcelona is deploying an unorthodox strategy in a bid to increase the
city’s available renting housing by forcing landlords to find tenants or
else see their property being redeployed as affordable housing.

Last week the city’s housing department wrote to 14 companies that
collectively own hundreds of empty apartments, warning that the city
will take possession of the property if they haven’t found a tenant
within the next month.

According to Bloomberg, the units would then be rented out by the city
as public housing to lower-income tenants, while the companies in
question could also face possible fines of between €90,000 and €900,000."

Via Muse, who wrote "Pure genius!"

Cheers,
        *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics