The Japan Times - Eviction of pensioner puts Spain housing crisis in spotlight

EUR -
AED 4.183233
AFN 72.900796
ALL 91.877285
AMD 414.797448
ANG 2.039348
AOA 1045.665194
ARS 1736.794975
AUD 1.614555
AWG 2.050323
AZN 1.940938
BAM 1.955317
BBD 2.295033
BDT 140.215334
BGN 1.917554
BHD 0.429594
BIF 3432.051477
BMD 1.139068
BND 1.45584
BOB 13.964547
BRL 5.909605
BSD 1.139418
BTN 109.116023
BWP 15.516164
BYN 3.442749
BYR 22325.7403
BZD 2.291733
CAD 1.611725
CDF 2665.420428
CHF 0.943457
CLF 0.027745
CLP 1095.522249
CNY 7.646851
CNH 7.670833
COP 3814.157008
CRC 518.071915
CUC 1.139068
CUP 27.347239
CVE 110.237745
CZK 24.358299
DJF 202.909834
DKK 7.475483
DOP 67.763247
DZD 152.391449
EGP 59.13438
ERN 17.086026
ETB 184.850299
FJD 2.559772
FKP 0.859986
GBP 0.859642
GEL 2.97871
GGP 0.859986
GHS 13.234728
GIP 0.859986
GMD 83.725913
GNF 10021.522331
GTQ 8.701849
GYD 238.411056
HKD 8.934226
HNL 30.583439
HRK 7.533575
HTG 149.123132
HUF 365.202455
IDR 20405.384913
ILS 3.471949
IMP 0.859986
INR 109.142689
IQD 1492.730945
IRR 1565734.922454
ISK 136.984803
JEP 0.859986
JMD 180.27543
JOD 0.807645
JPY 179.158416
KES 147.67349
KGS 99.609484
KHR 4633.85435
KMF 493.217009
KPW 1025.161906
KRW 1543.648431
KWD 0.351563
KYD 0.949565
KZT 504.7852
LAK 25558.681004
LBP 102039.372314
LKR 376.226984
LRD 195.991544
LSL 18.590804
LTL 3.363373
LVL 0.689012
LYD 7.285199
MAD 10.934597
MDL 20.225999
MGA 5030.756222
MKD 61.55978
MMK 2391.810486
MNT 4098.584327
MOP 9.206124
MRU 45.840667
MUR 54.140351
MVR 17.599037
MWK 1975.811511
MXN 20.137822
MYR 4.640683
MZN 72.79829
NAD 18.590804
NGN 1510.837951
NIO 41.929634
NOK 10.830092
NPR 174.585836
NZD 1.992947
OMR 0.439191
PAB 1.139418
PEN 3.868244
PGK 5.076745
PHP 71.01754
PKR 315.746636
PLN 4.37146
PYG 6716.339487
QAR 4.153473
RON 5.27298
RSD 117.420969
RUB 96.076247
RWF 1684.083636
SAR 4.274755
SBD 9.11313
SCR 15.836085
SDG 685.153819
SEK 11.296996
SGD 1.45562
SHP 0.859999
SLE 28.078458
SLL 23885.685201
SOS 651.238991
SRD 42.905863
STD 23576.41575
STN 24.493944
SVC 9.970535
SYP 14810.167401
SZL 18.586405
THB 38.01645
TJS 10.511601
TMT 3.99813
TND 3.373266
TOP 2.742603
TRY 55.748859
TTD 7.750084
TWD 36.141163
TZS 3024.152324
UAH 51.024285
UGX 4462.896617
USD 1.139068
UYU 45.648714
UZS 13485.665874
VES 970.977713
VND 29588.440307
VUV 134.963505
WST 3.127488
XAF 655.957
XAG 0.017716
XAU 0.000265798393
XCD 3.07839
XCG 2.053592
XDR 0.80538
XOF 655.957
XPF 119.331742
YER 269.560946
ZAR 18.57165
ZMK 10252.986409
ZMW 22.227505
ZWL 366.779554
SSP 6507.032816
MXV 2.282055
  • RIO

    0.0900

    94.56

    +0.1%

  • RELX

    0.0100

    33.52

    +0.03%

  • AZN

    2.0200

    166.58

    +1.21%

  • BTI

    -0.3900

    55.63

    -0.7%

  • NGG

    0.2600

    75.49

    +0.34%

  • VOD

    0.1300

    16.62

    +0.78%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • RYCEF

    -0.3600

    19.31

    -1.86%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • GSK

    -0.4100

    49.24

    -0.83%

  • BCC

    1.0400

    77.14

    +1.35%

  • BCE

    -0.3300

    20.97

    -1.57%

  • BP

    -0.2600

    44.15

    -0.59%

  • CMSD

    -0.0700

    20.3

    -0.34%

  • JRI

    -0.1500

    11.02

    -1.36%

Eviction of pensioner puts Spain housing crisis in spotlight
Eviction of pensioner puts Spain housing crisis in spotlight / Photo: JAIME REINA - AFP

Eviction of pensioner puts Spain housing crisis in spotlight

The eviction of an 87-year-old from her Madrid home has highlighted a political paralysis that has thwarted efforts to resolve Spain's chronic housing crisis, fuelling debate before next year's election.

Text size:

Maricarmen's 70-year stay at her home in upmarket central Madrid ended on Wednesday when she left escorted on a stretcher, flanked by protesters on one side and police on the other -- a traumatic event broadcast live on TV.

Unable to afford a 275-percent hike to the monthly rent imposed by the real estate firm that owned her apartment, she has become the cruellest symbol of a crisis that has stalked Spain for years.

Thousands protested in Madrid, Barcelona and elsewhere on Wednesday night in outrage at the eviction and a market widely denounced as unaffordable for renters and buyers -- young and old alike.

"The law was upheld and the market worked. But it is the law of the jungle in a broken market, and it is a failure," left-leaning daily El Pais said in an editorial.

In 10 years, the average price of a square metre for rent or purchase has increased by around 50 percent, according to real estate portal Idealista and official figures.

Spiralling prices have particularly affected Madrid, which has topped a world ranking for luxury properties by real estate firm Barnes for two years running.

Residents in the world's second-most visited country often blame short-term tourist rentals such as Airbnb for driving up prices and cutting supply, sparking large protests in hotspots including Barcelona.

Popular anger is also directed at investment funds -- called "vulture funds" by detractors -- accused of acquiring properties with more concern for profit than for affordability.

Part of the problem is a lack of public housing.

Just 1.2 percent of Spain's housing stock is publicly owned, according to OECD figures, far below European peers such as Britain, France or the Netherlands.

Spanish consumer group OCU said finding an apartment in Madrid or Barcelona for less than 700 euros a month was now "extremely difficult", pleading for more "affordable" rental stock.

- 'Tragedy' -

The widespread outrage at the eviction has dominated the political debate as parties sharpen their pitches before next year's general election.

But any political fallout is hard to predict in Spain, where power is decentralised and local politicians often take the flak for perceived policy failures.

The leftist government has spent years trying to reform the market, but powers over housing are primarily held by the regional authorities.

Socialist Prime Minister Pedro Sanchez blamed the conservative-run Madrid city and regional authorities for their role in Maricarmen's eviction, slamming it as an unacceptable "social tragedy".

The Madrid region's right-wing Popular Party (PP) leader Isabel Diaz Ayuso hit back on Thursday, accusing the government of "demagoguery" and "not doing anything" during Sanchez's eight years in office.

In a context of "inflation and loss of purchasing power", "this situation helps none of the parties," said Guillermo Fernandez Vazquez, a professor at Madrid's Carlos III University.

He said the eviction had "again laid bare the failure of all the housing policies of the government" and its "powerlessness", Vazquez told AFP.

Sanchez urged parliament to pass a law that would ban such evictions, but his coalition has no majority and is already showing signs of strain over the incident.

Far-left junior coalition partner Sumar has demanded a rent freeze and the expropriation of Maricarmen's former home.

"There is no legal umbrella that enables the suspension of the eviction of vulnerable people," Maricarmen's lawyer Beatriz Duro told public broadcaster RTVE.

But "these protections that have always existed through royal decrees end up being sticking plasters and insufficient", she added.

However, the PP will also "want to wrap up that matter as soon as possible" amid a row over a swanky Madrid penthouse that Ayuso allegedly acquired with public money, Vazquez said.

Ayuso denies wrongdoing in the case.

T.Sasaki--JT