2023-12-26 19:51:40
As in the entire center of Madrid, the Latina district is emptying of its most modest inhabitants. 332556203/eldarnurkovic – stock.adobe.com
REPORT – Between gentrification and Airbnb rentals, the spectacular increase in rents is hitting Madrid residents hard.
Madrid
“At the end of July we received a registered letter telling us that we would have to abandon the apartment on September 30says Lucia Trentini. My two roommates and I pay rent of 900 euros in total, 300 euros for each. The owner has changed and the new one, an investment fund, is in the process of transforming the apartments in the building into individual rooms with electronic locks. They demand 700 euros per room from tenants, which is 120% more than what we were paying.”
This 38-year-old Uruguayan actress and singer has lived in Madrid for five years, and for two at number 14 of Paseo Ermita del Santo. The avenue overlooks the south bank of the Manzanares, the river to which the city turned its back until the Madrid Rio urban planning project greened this popular neighborhood and made it a pleasant and popular residential area. A textbook case of gentrification affecting the capital: infrastructure is improving, popular businesses are…
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