Fifty of these apartments will be reserved for young people, with a maximum price of 142,000 euros
Marbella town hall has set the ball rolling for the construction of 73 council promotion housing units on a municipal plot of 1,713 square metres in Nueva Andalucía.
The project is currently out to tender with the expectation that the properties will be built in less than two years, according to the mayor, Ángeles Muñoz.
“Our commitment is to once again make it easier for young people with limited resources to own property,” she said. In addition to having a lower than market value price (approximately 60 per cent), the town hall will provide a 6,235-euro grant, she said.
Muñoz explained that 50 of these properties would be for young people. They will be flats of approximately 70 square metres with a garage and storage room and an estimated maximum price of 142,000 euros, including the municipal subsidy.
Twenty-three will be reserviced for the ordinary public housing scheme. These will be approximately 90 square metres and have a maximum price of approximately 197,000 euros, with a garage and storage room, including the municipal subsidy which in this case would be 8,200 euros. Three of the homes will be reserved for people with reduced mobility.