Friday, September 18, 2020
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Madrid Increases the Home Renovation Plan to €15 Million and Extends it to Every Neighbourhood

The program will subsidise accessibility, regeneration, energy efficiency and health-related actions in buildings constructed before 1996.

The Governing Board of Madrid City Council has approved the ‘Rehabilita 2020’ plan, a new project designed by the area responsible for housing to promote the conservation of the capital’s residential fabric.

In Madrid, several measures relating to the housing market have been promoted in recent months, such as express building permits, and the concession of land for affordable housing and rental homes. Recently, UCI, Ibercaja and Sabadell also signed an agreement with Madrid City Council to finance the refurbishment of homes.

Read the full story in Spanish.

B-Exclusives

How Covid is Affecting House Prices: Map of the Decreases by District

The coronavirus crisis is causing house price decreases of up to 70% in some municipalities in Castilla La-Mancha, the Community of Valencia and Andalucía.

Property Developers Launch Large Urbanisations Post-Pandemic

Between April and August, work began on 996 developments in Spain with the ten largest comprising 1,691 homes. Of those ten, which are located in Madrid, the Basque Country, the Community of Valencia and Andalucía, four are being built by Amenabar.

Fearless Despite the Crisis: Property Developers Start Work on More than 27,000 New Homes Since April

Between April and August, work began on a total of 996 developments and 27,882 homes in Spain, according to data from the real estate big data platform Brains RE, with Amenabar, Habitat and Aedas the most active players.

Madrid Backs Luxury Housing to Curb the “Suburb Effect” of the Pandemic

Moncloa and Chamberí overtake the neighbourhood of Salamanca as the districts with the most expensive new build homes in the capital, whilst in Moratalaz there are no new build homes on the market.

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Room Mate Opens its First Apartment Building in Málaga

The property comprises nine exclusively-designed standard, superior and duplex apartments in the Be Mate division, including an impressive 114 square metre penthouse.

Premier Wins the First Post-Covid Land Auction from the Ministry of Defence

It fought off competition from the property developer Aedas Homes, with an offer of 12 million euros for the plot, which is located between Julián Camarillo and Avenida de Canillejas-Vicálvaro, in the Spanish capital.

More than 3 Million People in Spain are Regularly Working From Home, 3 x More Than a Year Ago

A total of 3.01 million people in Spain are working from home on a regular basis, which means that the figure registered in 2019 has increased by 3.2x, according to Randstad.

The Appraisal Value of Homes Falls by 1.7% After Five Years of Growth

The appraisal value of private housing fell by 1.7% to 1,610 euros per square metre in the second quarter, the first drop since the first quarter of 2015, according to Mitma.