Home Land Libra Buys th...

Libra Buys the Last Plot for Protected Housing in Valdebebas

The cooperative manager has acquired the last plot available for public housing in the sought-after neighbourhood of Madrid through two operations.

proyecto-de-vivienda-protegida-de-libra-en-valdebebas

The cooperative manager Libra Gestión de Proyectos has just completed the purchase of one of the last available protected housing plots in the northeast of ​​the Spanish capital. Specifically, Libra has acquired the last plot for social housing with basic protection (known by its acronym VPPB) that remained in Valdebebas, one of the urban developments that has seen the most growth in Madrid in recent years.

The operation was closed last week. However, it has been in the making for a long time. The plot spans 2,000 square metres and its previous owners could not cope with its development. For that reason, Libra had to carry out two operations to acquire the coveted site, as Miguel Palmero, General Director of Libra GP, explained in an exclusive interview with Brainsre.news.

Read the full article in Spanish.

B-Exclusives

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Where are the Highest Housing Yields in Madrid and Barcelona?

According to Brainsre, buying a property to let is currently yielding a gross profit of 4.6% in Madrid and 4.1% in Barcelona, the lowest value in the last five years.

A Snapshot of the Spanish Residential Market

Between March and December, the supply of single-family homes fell by 12%, falling twice as quickly as that for flats, due to a sharp increase in demand, according to Brainsre.

Latest news

Crisis Fails to Halt Sales of Commercial Assets: €1.9 billion on the Market

The Covid-19 pandemic led to a decline in investment in retail assets, with a total volume of €2.3 billion, a figure similar to that expected in 2021, according to EY.

Value Retail Invests €50 Million to Renovate Outlet in Barcelona

The remodelling of the Village involved direct investments of €50 million and indirect investments of €7 million, generating up to 170 new jobs.

Aedas Invested €132 Million in Land Last Year

Over the last fiscal year, Aedas, a developer controlled by Castlelake, invested 132 million euros in acquiring land, where it will be able to build up to 1,945 homes.

RLH Opens Rosewood Villa Magna This Year, Invests $110 Million in its Portfolio

The company has set aside 110 million euros to renovate three hotels in its portfolio, including the one located in Madrid.