Alberto Ibáñez, Sumar’s Housing spokesperson in Congress and Compromís deputy, has launched harsh criticism against the Spanish National Team striker, Ferrán Torres, accusing him of “speculating” with the real estate market in the Valencian Community through an investment fund. During a press conference, Ibáñez took advantage of the national team’s recent World Cup victory to contrast sporting success with the difficult housing reality the country is facing.
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The spokesperson made an economic comparison between the years of Spain’s World Cup triumphs, 2010 and 2026. He pointed out that, although the minimum wage has risen from 633 to 1,184 euros, the cost of housing has suffered a disproportionate increase. According to the data presented, in 2010 a complete apartment in Valencia cost an average of 500 euros, whereas today that same amount is not even enough to rent a room in a shared apartment, whose average price stands at 550 euros.
In this context, Ibáñez directly pointed to Eleven Future Invest, Ferrán Torres’s company. The deputy described this entity as a “vulture fund” and, based on information from Forbes, stated that the company already owns 20 homes in Valencia. According to the spokesperson, the objective of this company is to buy houses solely for speculation, making it difficult for citizens to access a home.
Given what he considers an unsustainable situation, the Sumar representative urged for “brave measures” to be taken. Among them, he highlighted the need to process a bill from his party aimed at preventing investment funds and companies like that of the Valencian footballer from acquiring homes for speculative purposes, thereby protecting the residential market from this type of financial practice.
