Barcelona City Council Intervenes to Prevent Eviction at Casa Orsola, a Symbol of Housing Speculation
In a significant turn of events, the Barcelona City Council has announced the purchase of Casa Orsola, a building in the Eixample district that has become a potent symbol of the city's housing crisis and the fight against real estate speculation.
The Struggle and the Victory
Casa Orsola, owned by the investment fund Lioness Inversiones since 2001, had been at the center of a heated battle between its long-term residents and the property owners. The investment fund had been implementing strategies to not renew tenants' contracts, aiming to refurbish the apartments and significantly increase the rents. Residents, who currently pay between €700 to €900 per month, were facing the prospect of rents being tripled to €2,100 or €2,800 per month.
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