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Madrid Community to Sell Properties to Fund Wildfire Reconstruction

Published July 30, 2026 at 5:32 PM UTC

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In response to the recent wildfires in the Sierra Oeste region, the Community of Madrid has announced plans to sell several properties to finance reconstruction efforts. The decision follows public outcry over the purchase of a luxury penthouse in Chamberí, which was intended for temporary use by President Isabel Díaz Ayuso and her team. The sale of this property, along with four others located on Gran Vía and Paseo del General Martínez Campos, is expected to generate approximately 20 million euros. These funds will be allocated to a comprehensive 100 million euro plan aimed at rebuilding the affected areas. This move marks a shift in the regional government's priorities, emphasizing emergency response over institutional acquisitions.