At the heart of Madridit is still possible to find a neighborhood with surprisingly affordable prices. With an average price of €2,928/m², This area is positioned as the most economical in the central areaoffering the possibility of acquiring a House of 90 square meters for around 260,000 euros.
In a market where prices continue to rise, will this be the ideal location for your next real estate investment in Madrid? In this article we explain all the details.
The most economical option to buy a house in the center of Madrid
Known as one of the most popular neighborhoods in Madrid, The Latinstands out not only for its economic dynamism, but also for its Bohemian atmosphere in the Spanish capital. According to the latest report from the real estate portal Idealistic on the evolution of real estate prices, La Latina is positioned as the cheapest neighborhood in central Madridwith an average price of €2,928/m².
Unlike other central districts, such as Salamanca and Chamberíwhere the prices per square meter exceed €6,000/m²La Latina offers an accessible alternative without sacrificing proximity to the city’s main points of interest. This balance between price and quality of life is what makes La Latina an increasingly attractive option for future owners.
The cheapest neighborhoods in central Madrid: La Latina, Arganzuela and Tetuán
Comparing La Latina with others cheapest neighborhoods in central Madrid, Arganzuela and Tetuánthe price differences are significant.
In Arganzuelahe the price per square meter is €4,999which means a 90 square meter house would cost around 449,910 euros. On the other hand, in Tetouan, the cost is 4,671 €/m², which raises the price of a similar good to approximately 420,390 euros.
These data reflect that the price of housing in Arganzuela is around 70% higher than in La Latinawhich further underlines the accessibility of this last district in the context of the real estate market in the center of Madrid.
On the other hand, neighborhoods like Carabanchel, Usera, Hortaleza, Ciudad Lineal and Vicálvaro emerge as intermediate alternatives, offering an excellent connection with the urban center and competitive rates.
With prices which vary between €2,609/m² and €4,399/m²these neighborhoods give future owners the opportunity to access the services and activities of the capital below the average housing price in Madrid, which amounts to €4,756/m², which underlines the economic advantage of opting for these districts of the capital.
