From Manhattan to Barcelona: the enterprise of emptying properties to multiply rents | EUROtoday

Before being New York, the good American metropolis was baptized by Dutch settlers as New Amsterdam. Three centuries later, that identify crosses the Atlantic once more, however to land in Barcelona. New Amsterdam Developments (NAD) is in the present day one of many best-known – and on the identical time most opaque – actual property firms for having threatened the houses of Barcelona tenants. Their enterprise mannequin, which, in accordance with neighbors, consists of expelling tenants from their houses who pay nonetheless cheap rents to create colivingshas angered the Catalan Government and Barcelona City Council. Especially when the corporate has solely imported to the town the practices that one among its companions has utilized in New York for 3 a long time along with his actual property company Stone Street Properties, which has been taken to courtroom for alleged harassment of tenants and non-payment of salaries and loans.

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https://elpais.com/economia/vivienda/2026-05-03/de-manhattan-a-barcelona-el-negocio-de-vaciar-inmuebles-para-multiplicar-los-alquileres.html