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Madrid plans 9,000 affordable homes for its neighbourhoods
The City Council plans to launch 9,000 homes in 2027. The investment will exceed 200 million euros. Vicálvaro and Barajas are among the planned areas. There will also be land for new developments in other neighbourhoods.
Future public housing will include photovoltaic panels for communal areas and aerothermal systems.
The developments are planned in Vicálvaro, Barajas, Tetuán and Arganzuela. In addition, the City Council will allocate land for new projects in Valdecarros, Ermita del Santo, Las Tablas and Carabanchel.
The Council plans to promote 9,000 homes in 2027 with an investment of over 200 million euros. Most of this will go towards land and new affordable rental constructions.
According to the Boletín de Vivienda Social del Ministerio, Madrid is the Spanish city that invests the most in this type of rental. The contribution has increased by 44% since 2020.
Affordable rental is the intended use for public developments. The municipal company also plans to recover vacant homes in the capital. Its aim is to make them available with feasible rents. The Boletín de Vivienda Social del Ministerio places Madrid at the forefront of Spanish investment in this area.