Flat for sale in El Cañaveral, Madrid city, Madrid

62 two- and three-bedroom homes, each with a parking space and storage room, designed especially for people looking to get onto the property ladder in a more flexible way. The development is part of a residential complex of 371 homes spread across five buildings, with handovers expected from the first quarter of 2029. For the first 15 years, you can enjoy your home while paying a rent capped at VPPL levels, with the major advantage that 100% of the rent is treated as a payment on account and will be deducted from the final price of the home. A different way to get a new-build home: live in it today and be able to make it yours in the future.

• 2-bedroom home, with parking space and storage room.
• Estimated allocation value on completion of construction: €325,000.
• 3-bedroom home, with parking space and storage room.
• Estimated allocation value on completion of construction: €430,000.

The future allocation value will be calculated in accordance with the terms of the development, taking into account the rent paid during the rental period.

During the 15 years of the rental period, you will enjoy:
• A new-build home.
• A capped rent in line with the protected housing scheme (VPPL).
• 100% of the rent paid counts towards the future purchase of the home.
• The option to buy the home at the end of the established period, in accordance with the terms of the development.

After the 15 years, the home can be rented or sold on the open market. A model designed to make it easier to get onto the property ladder and help you build your future from day one, without needing a mortgage.

The buildings will be constructed using the ávita system, AVINTIA's industrialised construction system. This system helps to optimise build times, improve quality control throughout the construction process and promote greater energy efficiency in the homes.

As the homes are initially subject to the protected housing regime, you will need to meet the requirements set for VPPL homes, including: being of legal age or an emancipated minor; having legal residence in Spain; not owning a home, in accordance with the applicable regulations; and not exceeding the income limit set for this type of housing (7.5 times IPREM).