Madrid City Council is offering for sale eight plots in Los Berrocales for the development of 700 homes under an affordable rent-to-buy scheme.
On 3 November, a notice was published in the Official Gazette of the Community of Madrid (BOCM), through which Madrid City Council launched a public tender for the sale, for consideration, of eight municipally owned plots from the Municipal Land Assets Inventory.
The plots are grouped into three lots and are designated for unrestricted residential use in multi-family housing developments within the Vicálvaro district. They are intended for development and subsequent use under an affordable rent-to-buy scheme, with the option to purchase after seven years.
Further details about the plots included in the tender process, located in the new neighbourhood of Los Berrocales, can be found on the interactive map available on our website.
How to Participate in the Tender
All the information required to take part in the public disposal tender is available on the Public Sector Procurement Platform, including the tender specifications, which set out the key terms and conditions of the procedure.
Deadline for Submitting Bids
The tender period opens on 4 November 2026 and closes on 4 February 2027 at 11:59 p.m.
A New Boost for Housing in Madrid’s South-East Developments
For the first time in Madrid, and within the framework of the South Strategy (Estrategia del Sur), the affordable rental model is being combined with tenants’ right to purchase their homes after seven years from the date of the first rental payment.
One of the most significant features of these contracts is that 50% of the homes to be built will be reserved for people under the age of 35, a demographic facing some of the greatest barriers to accessing housing.
Through this initiative, Madrid City Council will secure 50,832 m² of buildable floor area on municipal land for residents, while ensuring that the resulting homes are offered at prices 31% below current market levels, both for rent and eventual purchase.
Monthly rent has been set at €949.50 for a standard 90 m² dwelling. Should tenants choose to purchase the property after the stipulated seven-year period, the sale price will be €3,600 per square metre. Additionally, a portion of the rent paid during the lease term will be credited toward the purchase of the home.
Source: Madrid Crece