Madrid accelerates in public housing. The mayor of the city, José Luis Martínez-Almeida, announced at the Gran Jornada Inmobiliaria organized by elEconomista that the City Council will build 1,186 homes for rent with a public investment of $214 million (€180 million).
“Madrid City Council is the largest developer of public housing in Spain. We have already delivered 1,146 homes in the city, and between July and September we are going to start building 1,186 homes with an investment of approximately $214 million (€180 million),” explained Almeida.
Read more on the subject and find the latest business headlines in the world with the Born2Invest mobile app.
The City Council aspires to continue growing in this area
To this end, Almeida is committed to public-private collaboration and to continue unlocking land. “We are turning to public-private collaboration instruments to be able to generate a more rapid increase in housing, especially in the rental regime at an appraised price. Hopefully, we will soon be able to see the results,” he said.
Public-private collaboration also plays a fundamental role in the field of building rehabilitation and urban regeneration. Precisely, Almeida has celebrated the $1.19 billion (€1 billion) aid from Europe that the Government will allocate to building rehabilitation but calls for it to be extended. “We welcome the news with joy, but it can be increased given the complexity that the rehabilitation operations will involve in the processing and deadlines,” he explained.
The head of the City Council believes that European funds are “decisive” to get Spain out of the economic and social situation in which the country finds itself, but warns of the importance of managing them properly. To this end, he has called for cooperation and institutional loyalty between all the Administrations and public-private collaboration.
The Madrid City Council is also making progress in infrastructure works. In 2020 it tendered more than 500 million in investment, among which the reform of the Nudo Norte, Plaza de España and Joaquín Costa, or the burying of the Mahou-Calderón operation stand out.
Special mention should be made of the Madrid Nuevo Norte project, which Almeida has described as “the most ambitious urban regeneration project in any European capital and which will enable us to place ourselves at the forefront.”
The construction of Madrid Nuevo Norte will start in five years
The mayor of the capital insisted that the construction sector is “absolutely key” for the improvement and reactivation of the Spanish economy, healthy and with great potential. On the road to recovery, European aid for the rehabilitation of buildings will play an essential role.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Cepsa Plans to Build a Hydroproduct to Import Hydrogen from Morocco
According to Cepsa's chief executive, the industry needs a hydrogen price of between $2 and $2.5 and around $3 or...
Same Old, Same Old Crummy Market
But these are little issues compared to the performance difference between the stock market and commodities seen since November 2021. Has...
Stock Markets Have Definitely Seen Better Days
It has been the worst start since 1939. Yes, we have to go back that far to find a year...
What is the Best Social Media for Your Business?
It’s time to dispel the myth of the “best social media for business”. Learn more about the demographic data behind...
Amateur Sports Leagues Win Big as FOXD Network Partners With CXSports
Aimed squarely at amateur and semi-professional sports leagues and teams, sports broadcaster FOXD Network has just partnered up with CXSports....
Cannabis2 weeks ago
The Global CBD Gummies Market Will Reach $12 Billion by 2028
Featured2 weeks ago
Understanding the Fed’s Rate Hike: the Long Term Goal of 2.0% Inflation
Featured2 weeks ago
Why Rice Supplies Are Tight and Demand Is Holding Together
Crypto2 weeks ago
Coinbase’s NFT Marketplace Picks Up Steam: Record Turnover of $100,000 Per Day