Real estate prices continue to soar Spain and Madrid, as the country’s capital, also suffers from the upward trend in the cost of apartments and houses. Pedro Sanchez and businesses do not know how to find the key when it comes to housing in our country, which dooms millions of people who cannot afford to buy a home. In Madrid You can find neighborhoods with more moderate prices which we list below.
Concerning the value of the land, in Madrid it comes down to 4,756 euros per square meter, figures higher than most cities in Spain and which increased by up to +17.8% last year. The demand for apartments continues to increase in the Spanish capital and this continues to drive up the price of housing despite the government of Sanchez They are trying to take measures to adjust growth. As in many other materials, these are ineffective.
Even if the price of accommodation continues to soar in Madrid, in the city you can find a more optimal sale price depending on the area. This way, if you count Vallecas you will find the cheapest square meter in the city with a total of 2,061 euros while in the district of Salamanca It is the most expensive land in the city, with a total of €8,292/m2. So, in the case of purchasing a house of 100 square meters, prices will range from 200,000 euros to almost a million.
The district of Madrid with the best prices
The neighborhood of Vallecas It is the cheapest area of Madrid buy a house, according to the specialized site Idealistic. This part of the city, located 9 kilometers southeast of Madrid, has been considered throughout history as a working area and in which per capita income is lower. In the entire district of Vallecas, where more than 100,000 inhabitants live (it is one of the largest districts in the world), the most expensive price per square meter is that of the surface area of New Numanciawhose land value is 2,609 euros. In Portazgo You can find the price of the land at 2,325 square meters while in Low palomeras It’s 2,439 euros. The cheapest area of Vallecas to buy a house is Interviewsin which the land is 2,061 euros per square meter.
The area of Villaverdewhich is located at the southern end of the city, is also one of the areas where you can find the cheapest square meter, since it amounts to 2,122 euros. Usera (2,609 euros/square meter), Carabanchel (2,784) or Latina (2,928) are the other areas of the city where you can find cheaper apartments. If you buy a house of 100 square meters, the total cost will barely exceed 200,000 euros. A more than affordable price considering the high cost of apartments today.
The most expensive neighborhood in Madrid
The neighborhood of Vallecas It is the neighborhood with the best prices to buy a house and Salamanca It is the most expensive of the 21 neighborhoods in the city to buy a house. The square meter amounts to 8,292 and increased in total by 23.1% last year with a quarterly variation of 5.7%. The second most expensive is the district of Chamartínwith a total of 6,977 euros per square meter. These figures put the price of a house of at least 100 meters at more than half a million euros.
Third place in the ranking of the most expensive neighborhoods in Madrid buying a house created by the Idealista site is Chamartín. Buying a house in the north of the city costs 6,430 per square meter, having increased by up to 11.9% in the last year and reaching all-time highs. Central district, the area of Withdrawal and the neighborhood of Moncloa They are also among the most expensive to buy an apartment in the Spanish capital. Acquiring real estate in these areas will safely exceed 500,000 euros.
