site stats
Wednesday, May 25, 2022
HomeLatest NewsPublic money for the homes of wealthy families in Las Rozas and...

Public money for the homes of wealthy families in Las Rozas and suspicions of illegal price gouging

“This is a fantastic promotion with very good qualities. The apartments have flown,” the commercial agent says by phone, urging the interested party to act quickly so as not to miss the opportunity to buy real estate, infrequent in a municipality such as Las Rozas, in the so-called wealthy Madrid. Of the 37 planned homes, only “a first and second floor with three bedrooms, two bathrooms, a kitchen and a living room” remained. The deal “starts at €317,000 plus VAT, with two parking spaces and a storage room,” adds a voice that promises to email more information but won’t.

In the plans and dossiers sent to other potential buyers, without greater secrecy, it is indicated that this price “without competition” corresponds to a floor of 75 usable square meters, which, however, should cost at least about 70,000 euros less, because he is public protection. The surcharge for this and other apartments, plus payment terms requiring large upfront costs and many years of monthly payments in addition to the mortgage, caused a stir in the PP-run town. The city council, which sold the land to the developer, is limited to handing over what it has asked the Madrid community to check if what the neighbors are condemning is true. Isabel Diaz Ayuso’s cabinet claims to be investigating him.

There is still a case in Las Rozas about the urbanization of El Montecillo, a rent-to-buy public housing that Fidere acquired from Sareb as the real estate crisis worsened. A steep rent increase imposed by the foundation at the end of the legal term, as of 2017, forced many tenants to leave. Right next to it, next to the public highway, is a 2,800 square meter triangular lot that the city council wanted. use for public housing last year. But before directly promoting the construction, the local government of the BCP decided to put it up for tender. Round the clock, according to a strictly monetary calculation, due to the 2.58 million euros of the main bidding budget, the winning bid of Acceso Sociedad Cooperativa was 4.41 million. None of the other 15 submitted reached four million, and most did not exceed three. The cooperative also promised to pay in a month. The new promotion is called Mirador del Montecillo.

Aguirre BCP Regulation

The protection format chosen by the government team led by José de la Ous was the Public Protection Housing with Limited Price (VPPL), a regulatory innovation by the Community of Madrid back in 2005. Esperanza Aguirre was in its first legislature, with a brick fire on soft loans, and the regional government saw fit to create a property category for the “higher income strata.” Prices will continue to be assessed, but apartments may be larger and applicants’ income higher (7.5 times IPREM instead of 5.5 times). The general requirement not to have other housing was retained. After applying the adjustment factors, it turns out that this year any family of two who received 74,143 euros in 2020, the reporting year, will be able to access the VPPL.

The cost will be lower than in free housing, in any case, so the surprise of those interested who started calling when they saw an ad on the Idealista real estate portal is understandable. For a floor area of ​​75 square meters, the maximum amount should be 182,000 euros, according to the tables of the Community of Madrid, which set the ceiling for Las Rozas at 2,425.60 euros per square meter. Although the building documentation available to does not include the area of ​​parking spaces and storage rooms, taking as a measure the normative maximum of 25 square meters per space and eight per storage, and applying the corresponding prices, the total amount barely exceeds 246,000 euros, which is 71 000 below 317,000 requested by phone.

In addition to the gross amount, payment terms are suppressed. For the reference floor €317,000: €60,000 as a reserve plus another €18,400 upon signing the contract. In addition, 30 monthly payments of 1,585 euros and six more of 1,100, not counting the 196,000 euros mortgage. VAT is already included here. Only 349,000 euros. For bass, the total amount was up to 425,000 euros. The larger penthouse was offered for almost 440,000 euros. The higher the price, the more expensive the booking and monthly payments, which in some cases exceed 70,000 euros and 1,700 euros respectively. The alarm was raised in February by a buyer candidate on the Las Rozas Facebook forum, who claimed, by providing documents on the promoter’s letterhead, upfront payments of up to €125,000 between booking and signature. “Wild conditions […] They are aimed at ensuring that we pay the construction company for the land, ”he reasoned.

Shameless in the sales office

The buyer’s name is Aitor Aro, and on the phone he says that after seeing an ad on the Internet, he called for a whole week on the phone to make an appointment. Having managed to talk with the promoter, he came to the meeting with money from the “mouth” signal. “I am a resident of Las Rozas and I have a problem that we all have: we are crazy because we cannot find a house at a moderately reasonable price. An ordinary apartment with two or three bedrooms can cost between 500,000 and 650,000 euros. It’s outrageous,” he explains. During the meeting, the seller openly explained that the apartments will be sold for a certain amount, but they will be issued at the legal maximum. “They tell you and don’t even blush,” he protests. Haro changed his mind and decided not to pay for the booking. You will still pay 1260 euros for a rented apartment of 55 square meters.

Yes, she decided to take the risk despite the misgivings of Maria (not her real name), a single mother who now hesitates to back down. He says he has been looking for an apartment for a long time and that public housing prices go up a lot. “I thought maybe it was something normal,” he says. During the visit, they told him that the high cost was due to the fact that the city council sold the land at a high price, hiding that it was a promoter who made big bids for them. Last week, at a meeting of co-op members, she was told that prices could go up even more because supplies were in short supply. “Windows that were supposed to be aluminum will now be PVC,” he says. He says he has signed that the €60,000 signal he left behind for the €350,000 apartment can be returned before the signing, which is expected within a year. “I’m looking for something to compensate me, but everything is so expensive. At the cooperative meeting, he saw worried faces. “People don’t see them all with them, but there is a need,” he explains.

City Council delimits responsibilities

Citizens and United for Las Rozas Mayor Patricia Garcia, who have already opposed the sale of the land, have taken the matter to the city council, who will clarify the situation once the land is sold. “The City Council has compiled all the information about this housing estate collected by utility technicians, interested neighbors and political groups who are concerned about this issue. This information has been sent to the Community of Madrid so that they can decide and indicate how to proceed before issuing a building license,” the spokesperson replied via email.

The Ministry of Housing itself, which in Madrid is also the Ministry of the Environment and Agriculture, indicates what could have happened. “We requested documentation to determine if he is a covert promoter of free housing,” a spokesman for the agency says, pointing out that both the co-op and the promoter were required to send signed sales contracts. “If they are found to be selling above the price, there will be a fine and they will have to return the overpriced price,” he warns, assuring that the promotion does not yet have a professional public housing qualification.

The Ministry doubts that the houses were able to sell apartments so quickly without going through this initial procedure. The seller’s words about the urgency may have been a marketing strategy to spur doubters, but United for Reasons assures that calls to their mayor from worried neighbors continued to come in mid-April. After a complaint on the networks, the action disappeared from Idealista, but still appears on the website of the management company Poscam Real Estate Management.


*The article has been translated based on the content of If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!


Most Popular

Recent Comments

%d bloggers like this: