Carlos Scafati

Carlos Scafati is a real estate entrepreneur of Hispanic-Argentinian descent who has gained attention for his role in transforming properties in the Vallecas district of Madrid. As the head of his real estate firm, 9 de diciembre, Scafati acquired and renovated residential spaces, converting former workshops into multiple rental units amidst the rising demand for housing in the area. His activities reflect the broader trends of gentrification and the housing crisis affecting many neighborhoods in Madrid, where increasing rents and a shift from family-owned businesses to transient rental arrangements have become commonplace.