Álvaro González, the Delegate for Housing Policies in Madrid, announced at the international real estate fair EXPO REAL in Munich that the city has the capacity to develop 220,000 new homes. The event, which runs from October 5 to 7, showcases Madrid's housing strategy under the slogan 'A Door for Every Stage of Life.'
During the presentation, González outlined the four key pathways of the Madrid Model aimed at facilitating access to housing for newcomers, young people seeking independence, long-term residents, and those aspiring to homeownership.
Key Developments in Madrid's Housing Strategy
Among the significant projects contributing to this capacity are Valdecarros, which will provide over 51,000 homes, and Madrid Nuevo Norte, which will add approximately 10,500 residences. Valdecarros recently received final approval for its land reallocation, with construction of the first 13,300 homes set to begin in early 2027.
Four Pathways to Housing
- Arrival in Madrid: In 2025, over 117,000 people moved to Madrid from abroad, highlighting the city's appeal as a destination for education and employment. The city has recognized co-living arrangements as a legitimate residential option since 2023, with plans for the first municipal co-living space aimed at young people.
- Emancipation and First Homes: The city promotes affordable rental housing through the Municipal Housing and Land Company (EMVS), targeting young individuals and families. Recently, the mayor announced the 5,000th affordable rental unit since taking office in 2019.
- Middle-Income Housing: A specific initiative has been launched for middle-income earners struggling to access both public and private housing markets. The first municipal project in this category received over 5,300 applications for just 52 units.
- Path to Homeownership: The city is also offering around 1,600 rental units with an option to buy, further expanding access to homeownership.
Commitment to Housing Development
González emphasized that the success of Madrid's housing initiatives relies on legal security and a commitment to fulfilling promises made to facilitate development. He reaffirmed the city's pledge to continue advancing housing projects, including the upcoming third phase of the Suma Housing Plan.
Throughout the fair, González is scheduled to meet with representatives from cities such as Prague, Katowice, Berlin, Munich, Maastricht, and Manchester to discuss urban development and housing policies.
