how to apply and requirements

Madrid is the most expensive autonomous community to rent a house, so Living Plan this is great news for youth and low-income families. This is a construction project 6,500 new houses for cheap rent this will cover up to 12 municipalities in the region. There is no option to buy or rent with option to buy.

In particular, they will be publicly advertised and rented houses with rent is 40% below market price. They will be built on land owned by the Community of Madrid through a system of public-private cooperation. There will be homes tailored to different preferences and lifestyles. Some of these will include, for example, swimming pool, coworking space, garden, gym, garage, storage room or children’s area. Some of them will be adapted and available defective.

All of them They will have secure housing, difference between housing at a limited price for state protection (VPPL) and housing at a basic price for state protection (DPPV). This temporary concession (50 years) and that upon its termination the properties will become the property of the Government of the Community of Madrid.

Madrid, one of the most expensive cities in Spain to rent

Requirements to access the Vive plan

To apply for one of the 6,500 low-cost rental homes, you will need to meet the following requirements:

  • Select a house for usual place of residence and have no other housing throughout the country
  • Be of legal age or emancipated minor
  • Have Spanish citizenship or legal residence in Spain
  • Minimum income: 1.5 times IPREM (600 euros per month in 2023) among family members. The maximum annual rent (rent and accrued expenses) does not exceed 35% of the joint household’s annual net income.
  • Maximum income: 5.5 times the IPREM if it is a VPPB and 7.5 times the IPREM if it is a VPPL. Always among family members.
  • Census or Workplace in the city: minimum 3 years

How to Achieve Lower Mortgage Interest Rates for Sustainable Housing

In which cities are Plan Vive homes available and what are the delivery times?

There will be a total of 12 municipalities where the Community of Madrid will build houses. In alphabetical order they will be as follows: Alcala de Henares, Alcorcón, Boadilla del Monte, Colmenar Viejo, Getafe, Madrid (Valdebebas), Mostoles, Pinto, San Sebastian de los Reyes, Torrejon de Ardoz, Torrelodones and Tres Cantos .

The Vive plan was announced in 2019 and four years later we already know when they will start shipping. While it is true that they have been delayed due to the Covid-19 pandemic and the material crisis exacerbated by the war in Ukraine, the first deliveries are already planned.

The Community of Madrid plans to hand over the keys to 274 houses in Alcorcón until April 2024. In addition, another 19,000 are to be completed in Getafe before July.

You must read the lease agreement carefully.

How and when can I request a Vive plan? Dates and deadlines

At the moment, the developer Culmia, to which 2,900 houses have been handed over, has in most cases already started work. Sogewiso is the leasing manager. Many of the affordable apartment complexes began accepting registration applications Oct. 19 through convivemadridalquila.com. From the beginning of 2024 Saint Sebastian of the Kings announced a new housing allocation process that will begin on April 9. For their part, cities such as Alcala de Henares began the registration process in December and plan to deliver their first homes on March 12, 2024.

The regulations state that “the distribution and provision of housing It will be carried out in strict chronological order of registration. applications on the list of interested parties.”

Disputes in the neighborhood community

How much will it cost to rent with a Vive plan?

Culmia promoter prices for cheap Plan Vive apartment rentals will be as follows.

  • Alcorcon: from 415 up to €741 per month.
  • Alcala de Henares: from 421 up to €688 per month.
  • Getafe: from 439 up to 718 euros per month.
  • Tres Cantos: since 614 up to €998 per month.
  • San Sebastian de los Reyes: since 691 up to €1076 per month.

The rest of the prices are still unknown, other than the fact that they will be 40% below the market. ConviveMadrid indicates that “the monthly rent will be as defined in the rental agreement” and “always within the maximum limit that corresponds to it in accordance with the housing regulations with public protection and taking into account application of annual CPI correspondent”.

The region’s president, Isabel Díaz Ayuso, recently said that estimates were that within the next four years it would be possible to build 50,000 new affordable homes, of these, a quarter will be promoted by the regional government.

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