Six out of every 10 evictions in the Spanish capital are taking place in public housing units that have been sold over recent years by the Madrid regional government and City Hall to investment funds, according to data included in a report from the Treasury Ministry.
According to the data in the ministry report, of the 111 eviction cases registered between February and June of this year, 65 were in houses that had been sold by Madrid administrations.
Between February and June, the report states, there were 50 evictions that took place in properties sold by the Municipal Company for Housing and Land (EMVS) to an investment fund. Another five evictions took place in flats sold by the Madrid Housing Institute (Ivima) to another fund; and 10 more were related to housing from the EMVS and Ivima. In total, 65 of 111.
In terms of evictions carried out by banks, the report registers 17, which works out at 15%, while another 29 evictions were brought about by private landlords. There were also 73 evictions from illegally occupied properties.
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