South Expansion of the City.

Alcorcón, Madrid.

In an effort of retaining the younger population in the city, Alcorcón decided to build affordable public housing. Of the 9,500 new homes planned here, 8,400 were public housing homes and the rest private. Until now, around 6,000 public homes have been built, but more than half remain empty. There are no signs from the private housing, and very few of the planned public facilites have been built. Due to the City's housing fever, the municipal debt has escalated in recent years up to €600 million. And it is not finished yet, in 2013 the City approved the construction of more than 1,000 new public homes in the norhern part of the city.