noun, feminine/okupaˈθjon/plural: okupaciones
okupación is feminine in Spanish.
squatting; squat
“Hoy el piso está tapiado y a la venta. El banco pide 157.000 euros por él. “No creo que lo vendan nunca”, cuenta ahora una vecina. ¿Es la okupación uno de los principales problemas de Madrid?” — Today the apartment is boarded up and for sale. The bank asks for 157,000 euros for it. "I don't think they'll ever sell it," a neighbor now says. Is squatting one of the main problems in Madrid?
From ocupación, intentionally misspelled with a K, letter that reflects a willingness to transgress orthographic rules.