Estepona to Award New Protected Housing Based on Lowest Final Price for Buyers
Estepona will give priority to the final price paid by the buyer when awarding its new VPO homes, with the aim of making housing more affordable.
Estepona is to prioritise the final price paid by the buyer when it awards its new VPO homes, according to business daily El Economista. The stated aim is to make access to housing cheaper for residents.
VPO stands for vivienda de protección oficial, Spain’s system of publicly regulated protected housing, where sale prices are capped and homes are reserved for buyers who meet set criteria.
By weighting the price the buyer will ultimately pay, Estepona is seeking to bring down the cost of these homes for those who qualify. The Costa del Sol town is among the areas of the coast where housing costs are a growing concern for local residents.
Source: El Economista
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