{"id":44305,"date":"2024-03-26T18:12:23","date_gmt":"2024-03-26T17:12:23","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=44305"},"modified":"2024-06-24T16:55:03","modified_gmt":"2024-06-24T14:55:03","slug":"new-developments-that-could-alleviate-madrids-housing-problem","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2024\/03\/26\/new-developments-that-could-alleviate-madrids-housing-problem\/","title":{"rendered":"New developments that could alleviate Madrid’s housing problem"},"content":{"rendered":"\n

Madrid keeps growing. In 2023, it surpassed the 7 million inhabitants mar<\/a>k, 86,572 more than in 2022 according to the latest data published by the National Statistics Institute (INE). Projections for the coming years indicate that these figures will continue to increase. However, the housing problem, especially in the capital, is far from being resolved. In fact, it seems to be worsening.<\/p>\n\n\n\n

During the IX Madrid Real Estate Financing Meeting (EFIMAD), Carolina Roca, president of the Madrid Association of Real Estate Developers (ASPRIMA<\/a>), highlighted that at the national level, 2023 ended with a deficit of 200,000 homes, adding to the deficits accumulated over the last 15 years. “In the next four years, we expect to have final land for 92,000 homes, 42,000 of them with some degree of protection,” she assured.<\/p>\n\n\n\n

In this context, last November the Madrid City Council<\/a> approved new urban planning regulations “with the aim of promoting and facilitating future developments, as well as ensuring that the capital and the region continue to be the economic engine of Spain.” In addition to establishing a new framework for building quality, accessible, habitable, and sustainable buildings and homes, these regulations will be the essential pillar for the ten urban developments currently underway. These actions will add 204,000 homes to the city, many of them with some type of protection. What are these developments and where are they located?<\/p>\n\n\n\n

Madrid Nuevo Norte:<\/strong> Madrid Nuevo Norte will cover an area of 5.6 kilometers from north to south. With the Central Park occupying 13 hectares and new connections to the M-30 and railway lines, this project is one of the City Council’s major initiatives. It will be divided into three new areas<\/a>: “Malmea-San Roque-Tres Olivos,” “Las Tablas Oeste,” and “Chamart\u00edn Business Center.” A total of 10,500 homes will be spread over an area of 204,976 square meters, 15,000 of which will be dedicated to social housing.<\/p>\n\n\n\n

Southeast Developments:<\/strong> The southeast area of Madrid is another major initiative of the City Council. Additionally, some areas already have thousands of residents and plan to build up to 115,000 new homes.<\/p>\n\n\n\n