Madrid, Oct 24 (Reuters) - Last year Madrid's city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same. But as old contracts expire, dozens of people have received demands for higher rent, been told their rents will increase dramatically, been threatened with eviction or moved out to escape the insecurity.
Topics: a good price take no action full payment last jamila bouzelmat april socialist goldman sachs international pablo sola economist miguel hernandez ie business school pricewaterhousecoopers in july opposition united left angel perez city council fernando encinar idealista last october pablo cavero late saida juarez unemployed yasmin rubiano in january the encasa jaime gamarra on march june gamarra jorge arriba august on aug miguel onate ivima director ana gomendio sara ledwith madrid oct reuters as goldman goldman sachs blackstone in spain bouzelmat spanish i azora cibeles march encasa ivima vallecas magic real estate emvs it rubiano the gamarra fidere september rent euros told sold percent rents reductions month lives show received people letter homes ended bought block funds source time firm reduced comment public properties owners bill government owned expire eviction debt evictions property body lost monthly billion report sq sell number set close judge governments fund session councilor rent-controlled households referred prices met higher million money signed built workers difficulty evicted process foreign boom text reduction cut
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