Given the continuous rise in housing prices, 20% year-on-year in Madrid, and the shortage of housing, public programs are few and far between. The Community of Madrid has just announced that on March 3 it will open registration for one of the 422 new affordable public rental apartments in the Plan Vive in Pinto, all with a garage and common areas with a swimming pool and gym, starting at €574 per month.
The development, located on Calle Isaac Albéniz, is expected to hand over the first keys in April and is aimed especially at young people and families looking for housing with “private urbanization” services but at below-market prices.
The new Plan Vive development in Pinto includes 221 one-bedroom apartments, 173 two-bedroom apartments, and 28 three-bedroom apartments, all with a parking space and access to common areas. Despite being public housing, the shared areas include a swimming pool and gym, as well as other community areas that complete the concept of a gated community with services, but under a regulated rental system.
Deadlines and registration for the new development
New housing development in Pinto | Editorial credit: Community of Madrid
Those interested can now visit the show flat in the Pinto development itself to see the quality and layout of the homes. The registration period will open on March 3 at 9:00 a.m., exclusively online, through the Sogeviso website. The official forecast is that the 422 homes will be available to their new tenants throughout the month of April, thus linking the registration of applications with the allocation and signing of contracts.
With this development, the regional government continues to roll out the Plan Vive, through which it has already delivered 5,175 homes in nine municipalities in the region. Of these, 2,116 are located in the south (Alcorcón, Getafe, and Móstoles), and this figure will soon be added to by the homes under construction in Pinto and in towns such as Navalcarnero (425 flats), Humanes (50), Torrejón de la Calzada (61), and Aranjuez (400). In total, the regional government plans to reach 14,000 new affordable rental homes in some twenty municipalities during this term of office, of which 5,500 will be reserved exclusively for people under 35. But even these figures are not enough to control or stabilize prices in the region, which show no signs of stopping next year.