With a varied offer of employment, entertainment, leisure and education, the capital of Spain is one of the most attractive when investing in the real estate market.
Are you thinking of investing in Madrid? First, you should know which are the most attractive neighbourhoods and areas for the real estate market and what each one has to offer you.
Security, nature, exclusivity, tranquillity. The capital of Spain has a completely varied offer that adapts to every lifestyle.
Hortaleza
Hortaleza is the ideal neighbourhood for nature lovers. Close to Monte del Pardo, it allows you to be away from the classic stress of the city, but without losing contact with the capital. Less than a third of its large area is occupied by urban uses that are organized around growth, supported by the old rural towns and their primitive access roads. As it is not an extremely central area, housing prices are usually cheaper in this sector.
Tetuán
Endowed with a great architectural variety and crossed by Bravo Murillo, one of the longest streets in Spain, Tetuán occupies almost the entire northwest of Madrid. The district offers great investment opportunities due to its heterogeneous and dynamic nature. In addition, it was the target of a profound transformation during the last two decades. In Tetuán you can find everything from skyscrapers to single-storey houses and ambitious real estate projects are currently being developed there.
Salamanca
The most exclusive neighbourhood in Madrid by excellence. Packed with prestigious shops and Michelin-starred restaurants, Salamanca has become one of the most important commercial regions of the city. In the area framed by Villanueva, Claudio Coello and Goya streets of the district, the characteristic houses of the architect Lecumberri are preserved, with wide portals, interior patios, and a maximum height of between three and four floors. Called “The Golden Mile” due to the high purchasing power of its citizens, Salamanca stands out for its business, diplomatic and commercial activity, especially luxury. The embassies of the most important countries in the world are also located in this region. This sector maintained its leadership as the most prestigious area of the capital. This happened due to the strong demand in the neighbourhoods of Goya, Ibiza, and Niño Jesús, located in an excellent position within the price ranking.
Chamberí
Known for its wide boulevards, Chamberí has numerous sports facilities and a popular bustling area for gastronomic leisure.
It is one of the best areas to invest in Madrid, since the price of housing is very stable. Fuencarral street, between Quevedo and Bilbao, is commonly called ‘the avenue of cinemas’ within the district. Dozens of premiere movie theatres open their doors there.
Retiro
Surrounded by museums and parks, Retiro is one of the most attractive -and also most expensive- residential areas in the centre of the capital. Due to the high prices of properties for sale, the real estate market in this area is aimed at investors with a high economic capacity. It is one of the most touristic points of the city, located within the undisputed cultural district, which includes everything from the Prado Museum and the Palace of Communications to the Pantheon of Illustrious Men and the Basilica of the Virgen de Atocha.
El Cañaveral
Located in the area known as Strategy of the Southeast, in the district of Vicálvaro, it brings together a good part of the new developments available in Madrid. The average profile of those who buy homes in El Cañaveral is young professionals looking for an affordable property, but with an outdoor area and surrounded by green areas. It is expected that in the coming years this area will have 50,000 inhabitants and some 14,000 new homes that cover part of the market demand.
Justicia
Within the Centro district, Justicia has experienced a true demographic explosion in recent years and is one of the biggest attractions for young people in search of culture and leisure. Undoubtedly, this neighbourhood offers one of the most attractive investment opportunities, due to its location and the growth of its profitability. Justicia is consolidated as one of the most “top” areas of Madrid, with prices reaching 10,000 euros/m2 in streets such as General Castaños.
La Latina
Full of cultural spaces, restaurants, monuments and markets, La Latina forms an emblematic area of the capital by housing in its streets what is known as “Madrid de los Austrias”. The pedestrian nature of many of its squares attracts large crowds of young and middle-aged people from the beginning of spring until late autumn on weekends. It is one of the most traditional neighbourhoods in the capital, where you can find the Royal Palace of Madrid, the Royal Theatre, the Almudena Cathedral, and other attractions.
Moncloa-Aravaca
Moncloa-Aravaca is possibly the safest neighbourhood in Madrid and enjoys a strategic location: it is located near the University City and just a few metro stops from the centre. It is an area surrounded by green areas that is enhanced by its proximity to the most famous faculties, residences, and halls of residence in the capital.
Arganzuela
Located in the Embajadores area, Arganzuela stands out for the tranquillity of its wide streets, its real estate developments with large common areas and a wide availability of green spaces. In addition, its location allows citizens to stay close to the centre of the capital, but at the same time away from the classic frenetic movement of the city.
Dare to invest in Madrid! It is the optimal time to buy real estate. With low interest rates and the upward trend in property prices, real estate investments are the most profitable alternative.
Source: oirealtor.com
