The owners have signed an eight-year social lease and handed the keys to EMVS Madrid. Maricarmen can return after leaving hospital, while Urbagestión will receive less than €200 a month after costs.
On 28 September, Urbagestión and Maricarmen Abascal's representatives reached an agreement at the EMVS Madrid offices, opening the way for her return to the flat in Madrid's Retiro district. The owners have signed an eight-year social rental agreement at €500 a month and handed the keys to the Empresa Municipal de Vivienda y Suelo. Maricarmen, who remains in hospital, must sign the lease before she can return.
Her signature is still needed. Once she signs, she can return whenever she considers appropriate. The owners delivered the document in person to EMVS Madrid and handed control of the keys to the municipal housing body.
BBC Mundo reported that Maricarmen was evicted on 23 September and later admitted to hospital. She had lived in the flat for around 70 years, the report said.
The deal is concrete, but far from profitable for the company.
€500 is close to what Maricarmen paid before the eviction. Urbagestión will receive much less, as the property owners must cover the building community fees and the Impuesto de Bienes Inmuebles, or IBI.
Ricardo Alonso told OKDIARIO that the net income could fall below €200 a month. After those charges, it could be around €180.
That income must be set against a mortgage of more than €500 a month. The figures leave little margin.
Fernando Alonso and Ricardo Alonso acknowledge that the arrangement may be seen as economically disadvantageous. They say it was that way from the outset, and do not describe it as a deal that became unviable after a later change.
El País reported that the agreement was reached on 28 September at the EMVS Madrid offices through the municipal Rental Mediation Service. The arrangement is an eight-year lease costing about €500 a month, or roughly 30% of Maricarmen’s pension. The service guarantees the owners' payments and limits what the tenant pays.
The dispute had already moved beyond the flat. Public attention grew after Maricarmen's eviction, and the agreement followed a meeting at EMVS last Monday.
Earlier reporting covered the government's promised emergency housing decree and the protest in Madrid's Puerta del Sol. ARA reported that the case prompted mobilisations across Spain. It also fed into the wider debate over housing policy.
For Maricarmen, the immediate issue is practical: she needs access to a home she can recover under a defined lease.
For Urbagestión, the figures tell a different story. A gross rent of €500 does not amount to €500 in revenue when the company still pays the ownership costs.
The owners also reject the idea that they are professional property investors. They say the company owns only two physical assets: the Retiro flat and an unfinished commercial premises of little value.
The company's basic business is providing services. Fernando Alonso and Ricardo Alonso say their livelihood rests on the company's reputation, not on real estate investment.
That distinction matters here. The owners do not present this as a normal market transaction.
The agreement sets a social rent of €500 a month. Urbagestión must still pay the building costs and a mortgage that exceeds the gross payment. Maricarmen gets a route back home, while the company takes a loss.
Urbagestión has acknowledged EMVS Madrid's role as mediator and expressed regret over what happened. The company also thanked Mayor José Luis Martínez-Almeida and his team for their intervention.
Menorca reported that the company's statement praised the municipal service's professionalism.
The flat is ready, and the keys are with EMVS Madrid.
Only Maricarmen's signature remains. She is expected to return after leaving hospital.
The owners accepted the cost of restoring the tenancy instead of pursuing the more profitable option.
