Tuesday, August 11, 2020
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Madrid Puts Almost 2 Million m2 of Land Up for Tender in 2020

The Community of Madrid is going to put 1.8 million m2 of land up for sale through public tender or concession before the end of the year, with the aim of putting cheaper land on the market to be used for rental and social housing.

The Community of Madrid has launched an offensive to boost the real estate market with three measures, –sworn statements of responsibility instead of licenses, the ‘Plan Vive’ for young people and now tenders for the concession of land that it owns – aimed at unblocking the sector.

In this vein, before the end of the year, the Community of Madrid is going to remove 1.8 million m2 of land from its portfolio through public tenders and concessions, with the aim of putting cheaper land on the market to be used for rental and protected housing at more affordable prices for young people. A few weeks ago, the regional Government already announced that it was putting out to public tender the sale of 193 ready-to-build plots, with a global surface area of ​​close to 1 million square meters and a market value of around 256 million euros.

Read the full article in Spanish.

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