Thursday, October 29, 2020
Home Residential The Town Hall...

The Town Hall of Madrid Grants 4 Plots of Land to the EMVS for the Construction of 250 Rental Homes

The plots of land, which span 11,000 m2 in total, are located in the districts of Fuencarral, Tetuán, Carabanchel and Villaverde, and are worth 15 million euros.

Madrid City Council, through its Urban Development department, has given four plots of land to the Municipal Housing and Land Company (EMVS) free of charge for the construction of protected rental housing.

The transfer was made official on Wednesday with the signing of an agreement between Mariano Fuentes, Head of the Urban Development Department; Álvaro González, delegate councillor for Housing and President of the EMVS; and Diego Lozano, CEO of the EMVS. The public company has committed to building the homes within a period of five years.

Read the full article in Spanish.

B-Exclusives

What Is the Nursing Home Sector Like in Spain?

In Spain, there are 363,581 beds in nursing homes, which are asymmetrically distributed across the country. The province of Barcelona has a shortage of 11,124 units; whilst Madrid needs to add another 5,220 beds to its supply.

Which is the Most Dynamic Neighbourhood in Madrid Post Covid?

Tetuán has become one of the most sought-after neighbourhoods in Madrid capital, thanks to its competitive prices and the emergence of new projects. However, coronavirus is weighing down on the market, especially when it comes to rental properties.

Property Developers Expect to Handover 20,500 New Homes Before 2021

In the three remaining months of the year, property developers expect to finish 20,551 homes in Spain, distributed across 1,061 developments, several of which will comprise hundreds of units.

The Aging Spanish Population: a Gold Mine for the Real Estate Sector

By 2050, 31.4% of the population in Spain will be aged over 64 years due to aging and a longer life expectancy. The supply of nursing homes for the elderly will need to double its capacity to keep pace.

Latest news

Mapfre Sells Five Nursing Homes to Healthcare for €50 Million

The Socimi has bought five nursing homes for the elderly comprising 800 beds and 150 day-centre places from its insurance partner.

Neinor and Oaktree Bid to Build 4,500 Homes with Barcelona City Council

The company HMB has decided that four private companies meet the solvency requirements to proceed to the second phase for selecting a private partner to build 4,500 rental homes.

Property Developers, Estate Agents and Owners Warn of the Consequences of Regulating the Rental Market

Different associations and companies in the sector say that the law to limit or lower rental prices will lead to a significant decrease in supply and investment.

What Is the Nursing Home Sector Like in Spain?

In Spain, there are 363,581 beds in nursing homes, which are asymmetrically distributed across the country. The province of Barcelona has a shortage of 11,124 units; whilst Madrid needs to add another 5,220 beds to its supply.