Madrid protesters demand affordable housing

Thousands of protesters took to the streets of Madrid, Spain, to demand more affordable housing and better living conditions. The demonstration, organized under the slogan "Housing is a right, not a business," saw a significant turnout, with government estimates at 12,000 participants and organizers claiming 150,000.

The protest highlighted growing frustration among Spaniards who feel priced out of the housing market, especially in major cities. Demonstrators called for lower rental prices and increased government regulation of the housing sector. Many expressed concerns about being forced out of cities due to unaffordable rents.

The Sindicato de Inquilinos tenants union, supported by 40 other organizations, led the march. Protesters held banners demanding lower prices and chanted slogans suggesting a potential rent strike if prices continue to rise. The demonstration also targeted government officials, including Housing Minister Isabel Rodríguez and Madrid's President Isabel Díaz Ayuso, calling for more action on the housing crisis.

Speakers at the event criticized vulture funds for evicting long-time residents and emphasized the threat these investment companies pose to affordable housing. The protest is part of a broader movement, with similar demonstrations planned in other Spanish cities like Barcelona, Valencia, and Malaga.

This public outcry comes in the wake of recent government initiatives to address the housing crisis. Protesters argue that these measures are insufficient to curb rising housing costs.

The demonstration underscores the ongoing challenge Spain faces in balancing its tourism-driven economy with the housing needs of its citizens. Protesters are calling for stricter controls on evictions, more regulation of rent prices, and increased investment in social housing.