Roughly one week after she was forced out of the apartment she had lived in for the past 70 years, Maricarmen Abascal might be going home.
Following countrywide protests that were attended by nearly 10,000 people following her Sept. 23 eviction, the investment fund that owns the building has reached an agreement with Abascal’s attorney that returns her rent to the rate she had been paying for years.
Abascal still needs to approve the plans herself before it’s official. Beatriz Duro, Abascal’s attorney, said her client had been admitted to the hospital after her eviction and was being treated for exhaustion, but was expected to sign the paperwork when she felt better.
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Under the terms of the agreement, the 87-year old will pay rent of 500 euros ($572) per month. That’s far below the initial hike Urbagestión, the investment firm, charged, which raised the rent to 2,650 euros ($3,014). The company eventually lowered it to 1,650 euros ($1,877), which was still higher than Abascal’s monthly pension of 1,350 euros ($1,535).
It’s a family thing
Abascal’s father initially rented the apartment in 1956. After her parents died, she continued to live there, as the rent was capped. When the investment fund bought the property in 2018, though, rents soared, which ultimately led to her eviction.
Abascal was taken out of the building in Madrid’s Retiro neighborhood and driven away in an ambulance. That triggered nationwide protests through the city as well as a sit-in in the Puerta del Sol plaza, where some protestors have remained.
Duro said those protests and the widespread support for Abascal were what caused the landlord to agree to the reduced amount.
The fight for affordable housing is far from over in Spain, though, where many people are still being evicted as rent rates increase. The BBC reports the country has a shortage of 700,000 homes, according to data from the Bank of Spain. Rental rates in Madrid, meanwhile, went up 9.7% last year.
“I haven’t managed to defend my home, but I have fought so that others can learn to fight for what’s theirs,” Abascal said in a video shared last Friday, before the situation was resolved, by the tenants’ union.
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A growing problem
Spain isn’t the only country facing a housing crisis. Many European countries, including the United Kingdom, have seen a rise in people over 60 renting properties.
Things aren’t much better in the U.S.
A report from the Urban Institute says that over the past 20 years, “The number of senior households considered severely cost burdened — those spending more than half their income on housing — has nearly doubled, rising from 5.2 million to nearly 11.7 million.”
As was the case with Abascal, many U.S seniors are on fixed incomes, meaning they’re less able to adjust to unexpected housing cost increases.
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Chris Morris is a veteran journalist with more than 35 years of experience at many of the internet's biggest news outlets. In addition to his activities as a writer, reporter and editor, Chris is also a frequent panel moderator and speaker at major conferences, including CES and South by Southwest.
