He Town Hall of Torrevieja delivered four plots of land for the promotion and construction of more than 800 homes of public protection as deployment of Live Plan Generalitatin which the city aspires to be a reference in the Valencian Community, both for the number of public homes that will be put on the market, and for being one of the first municipalities, hand in hand with the Consell, to firmly award their construction.
Compensation
In return, in exchange for the value of those four plots that add up to 37,000 square metersthe municipality was going to receive the equivalent of 15% of the apartments built.
But once the contracts for the Live Plan The Torrevieja City Council has decided to dispose of the equivalent of the 180 apartments that it was entitled to receive and that were going to be part of a municipal public housing stock and will now receive the equivalent of its economic value of 17.8 million euros.
All the homes, both those that will be built by the awarding companies, 631, and those that were going to be municipal property, the remaining 180, will be marketed as subsidized housing, with a maximum price limit set with the Administration, and requirements imposed by the City Council and the Generalitat still to be determined.
The Valencian Housing and Land Entity (EVHA) of the Generalitat, which manages the plan in agreement with the Torrevieja City Council, has to finally validate this alienation of municipal assetsalthough in principle it does not present obstacles from a legal-administrative point of view, as indicated this Wednesday by sources from the PP government team.
Liquidity
The agreement has passed through the government meeting and represents a significant injection of liquidity in the income chapter for the next municipal budgets of 2026, whose preliminary draft is about to be validated. Unlike other types of income, that generated from alienation -sale- of municipal assets can be used in the investment chapter.
Budget balance
With this item, the City Council will be less exposed to the obligation to resort to financial loan operations, thereby achieving balance in the budget at a time when the application of spending rules had already reduced the availability of resources for investments. Above all, once the tap on the use of treasury remnants -surplus- was closed, which after a moratorium of several years marked by covid and the price crisis due to the war in Ukraine in which they could be used to finance projects, now they can only be used to pay debt and suppliers.
Location of the plots in La Hoya and La Manguilla. The total number of homes is greater than initially planned due to the improvements of the successful companies / Live Plan
The decision comes at a time in which the municipality faces million-dollar commitments for investments in the remodeling of the maritime façadeamong other projects. For these needs, it relies, for the moment, on financing methods that present a certain degree of uncertainty, such as subsidies from European funds, which are complex to process, and loan operations that increase the debt, although the municipality has a significant debt capacity.
Offers
The City Council transferred four plots of land totaling 37,000 urban square meters to Plan Vive, on which more than 800 homes will finally be built. In exchange for the transfer of the land, the municipality was going to acquire a certain number of homes equivalent to 15% of the value offered. There were going to be 90, but finally the number has risen to 180 because the companies have improved their offers with an increase in the total number of homes at the time of winning the contracts.
Awardees
Abala Infraestructuras, winner of lot 1 of this contract, will deliver to the municipality 4,925,539 euros corresponding to the equivalent of the value of 61 homes on the plot R-17 of the La Hoya sector, which has 9,700 m². The Vasca company Livanto Promotions, what It has been acquired with lots 2 and 3 of plots R-27a (9,066 m²) and R-31 (14,830 m²) from the same La Hoya sector, will pay 12,182,508 euros as compensation for having 114 more homes, which initially corresponded to the City Council.
Finally, Urdecón will contribute 749,076 euros for the seven homes that it was going to contribute to the municipality in the La Manguilla sector of La Mata. It is the smallest plot, facing the sea, with 3,608 meters of urban land.
In total it has a value of 17.8 million euros.
No municipal park
The injection of “fresh” money into municipal coffers also has its counterparts. With this operation, the PP government team renounces creating its own public housing stock, which, made up of almost 200 apartments, intended to offer different formulas, especially youth rentals and housing for vulnerable groups.
This circumstance would have required, in all likelihood, the launch of a public management company that the municipality lacks or, at least, a municipal housing office.
Requirements
Sources from the government team insist that all the promotion to be carried out by the construction companies will be put on the market as public housing, for rent and aimed at specific groups such as the youngest, and requirements that give an advantage of access to housing seekers in Torrevieja, although it is something that remains to be determined.
The allocation of the lots was formalized this Wednesday. Companies can begin building throughout this month of October or early November.
Urbanization
At the same time, the UTE developing the macro-urbanization of La Hoya, where most of the plots are located, must begin the second phase of urbanization, which specifically affects this development. Both actions, public housing buildings and land development, can be developed simultaneously. Of course, the houses, located between the current avenue of José Carreras and the Doña Inés-Jardín del Mar area, They will not be able to receive a first occupation license without their sector being urbanized and fully equipped with roads and basic services.
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