Investment Funds Resell Public Apartments at Huge Profits

Two investment funds are set to profit significantly by reselling 2,490 public apartments previously purchased from the Madrid City Council during a housing market crash. The companies, Fidere and Nestar, acquired these properties at drastically reduced prices sixteen years ago and are now selling them at six times the original cost, capitalizing on a current real estate boom. This raises concerns about affordability for Madrid residents, with listings appearing at unattainable prices.

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