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The Community of Madrid Tightens Up its Rules on VPO Homes

The Community of Madrid is going to modify the current Regulations governing Social Housing ten years after they were first introduced.

The revised legislation will seek to address modern housing needs with the aim of promoting affordable rental homes and social rental properties. It is also going to encourage new rental arrangements, such as temporary halls of residences for students and the so-called rotation rental (or co-living spaces).

Moreover, the new rules will: extend the protection period for protected homes (VPO properties) before they can be placed on the private market from 15 to 30 years; remove the rent to buy option, which has been in force since 2017 (although this measure will not be retroactive); and place limits on the price of public land once again, which were eliminated 15 years ago.

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