New Projects for Renters
The second phase of a large-scale affordable housing program has been launched in the Spanish capital. This time, more than 600 apartments will be built in the Los Ahijones and Los Berrocales neighborhoods, located in Vicálvaro. The initiative is being implemented with the support of the municipal company EMVS Madrid, which has already published a call for tenders. The project involves 13 plots of land grouped into three lots, and construction and subsequent management will be carried out as a public-private partnership.
Expanding Opportunities for Residents
The second phase of the program not only increases the number of apartments but also expands the pool of potential renters. Now, families with an income up to 5.5 times the IPREM threshold can apply for housing, which is significantly higher than before. This will allow more Madrid residents, who cannot afford to rent on the open market, to access new apartments. As before, rent will not exceed 30% of a family’s total income. All properties will meet modern standards of quality, energy efficiency, and comfort, and will take into account the needs of different population groups.
Impact on the Market and Employment
The implementation of the second phase will provide housing for around 1,600 people: about 400 apartments will be built in Los Ahijones, the rest in Los Berrocales. According to experts, the construction and subsequent operation of these new homes will create around 9,500 jobs, including direct, indirect, and related positions. This approach not only helps address the housing shortage but also supports the city’s economy.
Madrid leads the way in affordable housing
The first stage of the program is already underway: more than 1,600 apartments are being built on 27 plots in Los Berrocales and Los Ahijones, creating over 24,000 jobs. Currently, EMVS Madrid manages 9,400 municipal apartments, allowing Madrid to maintain its status as Spain’s leader in affordable housing. According to the national monitoring body, 30% of all new non-purchase rental apartments in 2024 were in the capital, confirming the city’s leading role in this sector.
Long-term outlook and social impact
As part of a public-private partnership, the companies awarded the construction contracts will manage the properties for 70 years, after which the housing will become city property. This model allows for a quicker increase in the housing stock without tying up municipal land. Authorities emphasize that this program’s development is a key part of the strategy to ensure a sustainable future for Madrid residents and maintain balance in the rental market.
