Spanish MP Accuses Footballer Ferran Torres of Real Estate Speculation in Valencia
On July 21, Spanish MP Alberto Ibáñez of the Compromís party (part of the Sumar coalition) publicly criticized Spanish national team forward Ferran Torres for engaging in real estate speculation in the Valencian Community through his company 'Eleven Future Invest.' Ibáñez, the parliamentary spokesperson for housing affairs, contrasted Spain's World Cup victory with the severe housing crisis, noting that while the minimum wage rose from €633 to €1,184 between 2010 and 2026, rents have skyrocketed. In Valencia, €500 once rented an entire apartment but now barely covers a single room (average €550/month). Citing a Forbes report, Ibáñez labeled Torres' company a 'vulture fund' that has accumulated 20 properties for speculative profit through buy-low-sell-high tactics and rent inflation. He urged Congress to expedite a Sumar party draft law prohibiting investment funds from acquiring housing for speculation.
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