Madrid completes over 3,300 affordable rental homes
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Madrid’s Municipal Housing and Land Company (EMVS) finished building 3,383 affordable rental homes in seven years and is currently working on an additional 5,700 units.
The city’s government assessed 45 years of EMVS activity, noting the total municipal housing stock now exceeds 10,000 properties, a 60% increase since 2019. These new homes join 6,250 properties already owned by the public entity. The city is also developing nearly 770 industrialized homes to shorten construction times and lessen environmental impact.
Since June 2019, Madrid has allocated 5,088 homes through a lottery system, with 59% being newly constructed. During the current municipal term, from 2023 to September 2026, authorities have assigned 2,619 homes via lottery. Within these, 65% were new builds, and 90% of those went to people under 35 or families with children. Madrid accounts for 17% of all protected rental housing in Spain.
Between 2020 and 2023, the city invested over 811 million euros in public housing and secured 1,329 final approvals for protected rental homes.
