THE accommodation It has become one of the main ones for many Spaniards. A quarterly study by the specialized portal piso.com reveals that the price of second-hand housing in Spain amounts to an average of 2,231 euros per square meter in March 2024, which represents a increase of 3.30% compared to December 2023.
The gap is widened if we compare it with interannual data, since in this case the increase reaches 10.66%. On the other hand, data from the National Institute of Statistics (INE) provided in March indicate that buying a home last year was 4% more expensive, with an average cost of 147,282 euros.
Added to this is the difficulty of accessing affordable rentals in large cities, which is why some citizens turn to other municipalities or cities for acquire cheap housing, either to live in or as an investment.
The price of housing in the Community of Madrid
In the Community of Madridthe price of the house for sale is in the 3,331 euros per square meteraccording to a study by Idealista that refers to prices in March 2024. This represents an increase of 7.1% compared to last year.
In the case of the city of Madrid prices become more expensive upon reaching 4,335 euros per square meter. On the other hand, the cheapest place in the Community of Madrid to buy a house is Ear apiarywith a average price per square meter of 875 eurosIn this case, according to the Idealista study, although prices have increased in monthly and quarterly terms, from one year to the next, this municipality has experienced a decrease of 6.3%.
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La Moraleja: €5,425/m2
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Madrid: €4,335/m2
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Navacerrada: €2,460/m2
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Coslada: €2,324/m2
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Getafe: €2,300/m2
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Arganda: €1,911/m2
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Chinchon: €1,167/m2
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Villarejo de Salvanés: €959/m2
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Epi apiary: €875/m2
These are just a few examples, but they give a general overview of prices in the Community of Madrid.
The cheapest city in Madrid to buy a house
As we have indicated, the cheapest price in Madrid to buy a house, according to Idealista data, is Ear apiarya municipality located southeast of the Community and located in the Las Vegas area.
It has a population of 8,649 inhabitants and its urban area is declared as Property of cultural interest.
Through a search on the apartments.com portal, you can find a total of 38 accommodations both in the city and in the same region. One of them, It is a 192 square meter house for 99,000 euros.
The house needs a “complete renovation” and has three bedrooms and two bathrooms. As it appears in the reference of the house, it is located near the main square of Colmenar de Oreja, where the town hall is located. In this case, the square meter costs 515 euros.
Likewise, among the 38 results offered by the search, there are all types of prices, housing and construction conditions.
