The political group Más Madrid has registered a Non-Legislative Proposal (PNL) in the Assembly of Madrid aiming to prevent the sale of public, protected, or publicly-owned land housing to investment funds pursuing "speculative exploitation." This initiative follows reports that the Ares fund will handle the sale of homes linked to the regional government's Plan Vive.

Más Madrid criticizes that "thousands" of public and protected homes, funded by public money, have been sold to international funds over the past decade, often below their real value and without effective protections for residents. The group argues this has transformed housing into a "financial asset for speculation and the profit of large capital," and that the region is being "plundered" by political decisions that have driven average monthly rents above 1,350 euros.

The proposal also challenges the public-private partnership model of the Plan Vive, asserting it places "public land, public funding, and protected housing at the service of private profit." Companies like Avintia, Avalon Properties, and Ares Management are cited for treating these homes as "financial assets," which Más Madrid contends "consolidates the financialization of the residential stock" rather than strengthening the right to housing.

To address this, Más Madrid proposes modifying the terms of future Plan Vive concessions to "expressly prohibit" the sale of developments on public land in financial markets. Furthermore, they advocate for the Community of Madrid to have a "preferential right of acquisition" over any promotion linked to Plan Vive or built on public land, enabling its recovery for the public stock of social and affordable housing.

Additionally, the group has requested the Court of Auditors to audit the award procedures, economic conditions, execution, and compliance with obligations derived from these concessions since the start of the current legislature. The request includes analyzing files related to the transfer of public land for affordable rental housing, evaluating the use of public land assets, and studying the economic, social, and patrimonial impact of the model promoted by the regional executive.