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Madrid and Barcelona Invite Property Developers to Build Thousands of Homes Together

The Community of Madrid is finalising a tender to build 7,000 homes using 650 million euros of private capital; whilst Barcelona is going to expand its public housing stock by 1,000 flats.

obras de viviendas en construccion de Amenabar en Valdebebas Madrid

The Community of Madrid is finalising the announcement of a tender to build 7,000 homes that will require private investment of 650 million euros. Meanwhile, Barcelona City Council is planning to expand its public housing stock by 1,000 flats with the help of social property developers and private cooperatives to which it will cede the use of plots and municipal buildings for renovation.

In the case of Madrid, the project represents the first tender from the Vive Madrid Plan, the Executive’s commitment to public rental housing, which includes the commitment to construct 15,000 flats by the end of the current legislature and 25,000 over the next eight years.

Read the full article in Spanish.

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