World Cup hero Ferran Torres has been accused of profiting from Spain’s housing crisis.
It comes after it emerged his property investment company has purchased around 20 homes in the saturated Valencia and Catalonia regions.
Alberto Ibañez, housing spokesman for the left-wing Sumar party, made the remarks on Tuesday while congratulating Spain on its World Cup victory.
He said the country’s sporting success should not distract from what he described as a worsening housing affordability crisis.
Calling for ‘bold measures’ to tackle soaring costs, Ibañez singled out Torres’ company, Eleven Future Invest.
According to the MP, the company is buying residential properties for investment purposes at a time when many Spaniards are struggling to access affordable housing.
‘Forbes reports that Eleven Future Invest, Ferran Torres’ company, already owns around 20 homes in Valencia,’ he said, arguing that firms and so-called ‘vulture funds’ should be prevented from purchasing homes for speculative purposes.
According to the company’s latest published accounts, Eleven Future Invest has net assets of more than €6.5million and owns close to 20 properties across the Valencia region and Catalonia.
The footballer’s sister, Arantxa Torres, is listed as the company’s administrator.
Ibañez used the comparison between Spain’s 2010 and 2026 World Cup victories to highlight what he sees as the country’s changing economic reality.
He noted that while Spain’s minimum wage has risen from €633 a month in 2010 to €1,184 today, housing costs have increased even faster.
‘As an example, 16 years ago you could rent an entire flat in Valencia for around €500 a month,’ he said.
‘Today, €500 doesn’t even get you a room in a shared apartment.’
Torres has not publicly responded to the criticism.
