Residencial Corvus

OpenMadrid · MadridCooperative: Ibosa

What it is: Purchase; VPPL (limited price). You buy the home at a maximum price set by the administration.
Price: Not published; Set by the official call
Homes: 110
How it is allocated: Direct allocation; First-come, first-served: you contact the developer directly.

Can I apply?

What this call requires. Meeting it lets you take part; the home is allocated afterwards.

Not own another home (with exceptions)

Maximum income by household size

Any household size: €63,000

Indicative, based on Madrid's income limits. The administration issues the official decision. The income of your last filed tax return counts, not today's payslip.

Check your eligibility

The price is not published

The call does not say what it costs. What we do know is the legal cap: in Madrid, a VPPL (limited-price) protected home cannot exceed €2,983.03 per usable square metre, so 70 m² would cost at most €208,812.

Cap per Resolución de 19 de enero de 2026 de la Comunidad de Madrid (BOCM 30/01/2026). It is a maximum, not an estimate of the real price.

Calculate for another size

Buying aids

Help you can apply for to buy this home. Most first-time buyers don't know these exist.

ICO guarantee for a first home
Mortgage guaranteeAll of Spain
If you're up to 35, or have children in your care, and your income is under your province's cap (€63,000 a year in the province of Madrid), the State guarantees up to 20% of the mortgage (25% if the home is energy-rated D or better). With that guarantee the bank can finance up to 100% of the price, so you can buy without the usual 20% down payment.
Work out your province's cap →See and apply on the official site ↗
Mi Primera Vivienda (Community of Madrid)
Mortgage guaranteeYour region
If you're up to 40 (no age limit for large/single-parent families or after a birth/adoption), Madrid guarantees your mortgage so the bank can finance above 80% and up to 100% of the price. Apply at participating banks.
See and apply on the official site ↗

Orientative summary. The exact conditions and deadlines are on each aid's official site, where the application is made.

How to apply

1Register in the public protected-housing register for your region (it's free).Go to the register →
2Contact the developer directly; homes are assigned first-come, first-served.Developer's website →
3Check the official bases for exact requirements and dates.See the official rules →

And afterwards

Can it be sold? Yes, at your region's maximum price and with its authorisation or visado. Selling a protected home →
Rent it out? Only with authorisation or visado and with the rent capped. Renting out a protected home →
Inherit it? It passes on with its protection: the heir does not have to qualify, but selling or renting stays controlled. Inheriting a protected home →
What if I turn it down? Declining without cause can exclude you from the register: in Navarra, three years for a purchase and two for a rental. What happens if I turn the home down →
A second-hand one? Before you make an offer, check the legal maximum price with the resale calculator. Resale calculator →

First time? How homes are allocated, explained in the guide →

Checked on 30 Oct 2026 · Grupo Ibosa: cooperativas VPPL/VPPB en Madrid (Valdecarros, Los Cerros, Los Berrocales)How we know

Why it looks current: First-come allocation; the process is still open.
What could change: Data can go out of date between checks.

Other offers nearby and by the same operator

All protected housing in Madrid →All protected housing in this comunidad →The difference between VPPB and VPPL in Madrid →

Indicative result, not an official decision.