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Madrid City Council Changes the Terms of its Land Auctions to Reflect New Market Prices

Madrid City Council has postponed the release of its 25 plots of land onto the market whilst it modifies the terms of the tender to attract the greatest number of investors.

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In October, Madrid City Council announced the release for sale of 25 plots of land with capacity for the construction of 2,500 rental homes.

The City Council’s Town Planning area, led by Ciudadanos, was following in the footsteps first trodden last year when it launched the first of these public-private collaboration processes to promote affordable housing in the city.

Read the full article in Spanish.

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