Sierra Nevada Auction: €6.5M Luxury Residence

by Archynetys Economy Desk

The Sierra Nevada Free Time Residencewith a departure price of 6.5 million eurosis one of the most coveted assets of the new public auction of disused heritage of the Junta de Andalucía. In total, the call includes 27 properties distributed by the eight provinces, with a joint initial value of 22 million eurosas reported by the Governing Council after approving the operation.

The initiative, promoted by the Ministry of Economy, Finance and European Fundsis part of the public heritage optimization strategy to give way to buildings, plots and plots unused, underutilized or abandoned, which until now generated unproductive costs for the autonomous coffers.

Since 2019, the Board has celebrated five previous auctions of these characteristics, which have allowed entering 138 million euros. With that figure it would have been financed, for example, 69,687 cataract operations or the 140,162 school dining room for a year.

Among the most relevant assets awarded in past editions are Malaga Post Building (23.5 million)he Ink Palace (21 million) or the Old Mondragones Barracks of Granada (15.1 million).

Real estate with decades of abandonment

In the sixth auction, real estate with a long trajectory of disuse comes to tender. This is the case of Old IES Rosa Navarro de Olula del Río (Almería)closed since 1997; The property of the Álvarez de Castro de Almería Streetwithout use since 2018; or the industrial complex Eurocei de San Juan de Aznalfarache (Seville)closed in 2013.

They also appear solars in a semi -rruinous situation, such as those of Guillena y Osunatransferred by the State in the 80s and never used, or the plot of the Avenida de Madrid 78 in Jaéntransferred in 2010 and without subsequent development.

Moreno: “Income for Health, Education and Dependency”

The president of the Board, Juanma Morenohe has defended that this strategy converts unproductive heritage into useful resources for citizens: “We inherit many abandoned buildings that cost money to taxpayers without contributing anything to cities. It makes no sense Health, education and dependence“He said.

Soil optimization

In parallel to the auction, the Governing Council has approved a Subsid of 4.2 million euros to Emvisesa to lift 136 homes in Seville, as well as a project in the Granada Mondragones Barrackswhere 328 homes will be built on rent. “We are working to lift 41,000 public homes in Andalusiawith pioneering initiatives in Spain, “said the president.

The combination of the Sale of disuse real estate and the start -up of new residential developments It is consolidated as well as one of the axes of the economic and social policy of the Andalusian government.

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