Spain protests: Evicted 87-year-old woman to return to Madrid home
Summary
An 87-year-old woman named Maricarmen was evicted from her home in Madrid after her rent was raised sharply by a real estate company. After protests, the company agreed to reduce her rent to about $570 a month, and Spain’s government is preparing new tenant protection laws.Key Facts
- Maricarmen’s rent was increased from about $570 to $1,880 per month after her building was bought by an investment fund.
- The rent hike aimed to force her out so the property could be used for tourist apartments.
- Tens of thousands protested in Madrid and across Spain against the eviction and housing crisis.
- The real estate firm agreed to reduce her rent back to about $570 for the next eight years.
- This rent will be about 30% of Maricarmen’s pension.
- Spain’s government proposed new rules to protect tenants from eviction until 2030.
- These new tenant protections still face opposition in parliament from conservative parties.
- Spain has a housing shortage of about 755,000 homes, expected to grow to one million by 2028.
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