• Sales will begin with the 274 homes under the VIVE Plan in Alcorcón, with the first allocation scheduled for early December.
• To date, more than 850 families have expressed interest in these homes.
• According to the established schedule, the registration period for formal applications from interested parties will not begin until October 19.

September 19, 2023 — Culmia, Spain’s leading residential real estate project management platform, is beginning to market the first homes under the Community of Madrid’s Plan VIVE. Specifically, this phase kicks off with 274 homes located in Alcorcón.

Although the formal registration process for those interested in the housing units will not open until October 19 via the website convivemadridalquila.com, project officials have already received more than 850 applications for these first housing units.

It is estimated that the allocation process will be completed by the end of the year. Allocations will be made strictly in chronological order of registration, provided that all eligibility requirements are met. Potential recipients must be of legal age, hold Spanish citizenship or be legally residing in the country, and meet the income limits established for each type of housing. The amount that the household will allocate to paying the total annual rent must not exceed 35% of its annual net income, be registered as residents and/or have their place of work in the municipality for which they are applying for at least three years, and use the housing as their primary residence, provided they do not own any other housing within Spain.

The Alcorcón development, part of Lot 3 of the Community of Madrid’s Plan VIVE I, features 30 one-bedroom apartments, 192 two-bedroom apartments, and 52 three-bedroom homes. It also features parking spaces, storage units, community swimming pools and gyms, locker rooms, a fully equipped multi-sport court, an access control booth with concierge service, a coworking space, and green spaces and children’s play areas.

In addition, these homes have received a BREEAM Excellent sustainability pre-qualification—a rating awarded during the project phase. This certification attests that the developments meet the highest sustainability standards and promote rational and efficient energy consumption.

According to the planned schedule, the first allocation of homes under the VIVE Plan in Alcorcón will take place in early December. The next developments to enter the marketing phase will be those located in Tres Cantos and Alcalá de Henares.

In the words of Jaume Borràs, Culmia’s business director, “We are proud to begin this marketing phase for the first homes under the CAM’s Plan VIVE; it means we continue to follow the roadmap we set for ourselves, while also consolidating our efforts to keep moving forward with the project. “In recent months, we have seen the interest that the VIVE Plan has generated, both within the industry and among the general public, and reaching this milestone means bringing it to fruition and, therefore, providing real solutions to the problem of housing affordability.”

The VIVE Plan is a project launched by the Community of Madrid under an administrative concession model that provides for the construction of affordable rental housing. Culmia has been awarded Lot 3 of its first phase and the single lot of the second phase. Lot 3 consists of 12 plots and 1,763 housing units and includes land in San Sebastián de los Reyes, Tres Cantos, Alcorcón, Alcalá de Henares, and Getafe. The Plan VIVE II consists of 1,137 housing units located on five plots in the municipalities of Boadilla del Monte, Pinto, and Colmenar Viejo.

We recommend reading this press release while listening to our playlist “Destino, tu hogar.”