Thursday, January 28, 2021
Home Residential Madrid to Bui...

Madrid to Build 600 Homes and a Hospital on the Site of the Former Prison in Carabanchel

The project, which is being resumed after more than a decade on the backburner, will give a new lease of life to an area spanning 172,000 m2.

The Deputy Mayor of Madrid, Begoña Villacís, and the Representative for Sustainable Urban Development, Mariano Fuentes, visiting the land that used to house the former prison in Carabanchel.

On Monday, the deputy mayor of Madrid, Begoña Villacís, and the representative for Sustainable Urban Development, Mariano Fuentes, announced the launch of a project to develop the land where the former Carabanchel prison used to be located. The plan involves the construction of 600 homes (30% of which would be afforded some type of protection), with space for a large hospital and also for security units.

The project, which is being resumed after more than a decade on the backburner, will give a new lease of life to an area spanning 172,000 m2.

Read the full article in Spanish.

B-Exclusives

Where and When Will the Most New-Build Homes Be Handed Over in 2021?

In total, property developers and cooperatives are planning to complete 71,825 new-build homes during 2021, spread over 3,342 developments, according to Brainsre, of which almost 15,000 will be located in Madrid.

Which Are the Areas of Madrid Where Homes Are Sold or Rented the Quickest?

The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.

Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases

It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.

Special B-Exclusives: How Many Square Metres Did Spaniards Spend the Lockdown in?

Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.

Latest news

Madrid Puts 2 Plots Up For Tender as Part of ‘Plan Vive’ for the Construction of 563 Rental Homes

The two plots are intended for the construction of 563 rental homes in the Madrilenian town of Tres Cantos.

Sabadell Lends its Former Property Developer Culmia €300 Million

The entity chaired by Josep Oliu has granted the company formerly known as SDIN a mortgage loan of up to 150 million euros and a corporate loan for the same amount.

Pere Viñolas, CEO of Colonial: “We Want to Increase Our Weight in the Prime Office Market”

The CEO of the large Socimi that specialises in offices has been speaking to brainsre.news to explain the company's plans for 2021 after it sold assets worth 240 million euros in the middle of the pandemic.

The Gap Between Supply and Demand in the Rental Sector Increases, According to pisos.com

The most-searched-for home by users of the platform costs 450 euros per month and spans 70 square metres, down by 10 square metres compared to last year.