All real estate in Madrid, Spain

Location, climatic conditions, and economy

Madrid is the capital of Spain, located on the Iberian Peninsula, the city is crossed by a small river Manzanares, in its northwestern part there is the Sierra de Guadarrama mountain range.

The climate is continental, hot in summer and much colder in winter than in the cities of the Mediterranean coast. The temperature in January is from +4 to +7 degrees Celsius, in July - from +24 to +27 degrees Celsius.

The economy is based on the following industries: automotive and aircraft manufacturing, production of chemical and pharmaceutical, food, printed products, manufacturing of leather goods, production of tourist goods, services (managerial, banking, insurance, financial, tourism, etc.).

Market and real estate prices in Madrid

Local experts agree that the real estate market in Madrid is developing (sales growth in June 2022 was about 18% compared to June 2021), demand is high and prices are increasing. Stagnation is not expected yet. Buying residential property in Madrid, like commercial property, is profitable for renting out. The main factor that makes investing in real estate in Madrid attractive is that the city, economically, has good prospects for recovery and further development after the pandemic.

Residential real estate in Madrid has risen in price by about 3%, the upward trend in prices will continue until the end of 2023. With regard to new buildings in Madrid, the investment forecast is the most favorable - they are becoming more expensive at a rapid pace and on a larger scale due to rising prices for energy carriers, electricity, building materials, etc. Exploitation of apartments in residential complexes may increase by 5% already in the short term. The rise in the cost of square meters of primary housing, in addition to the above reasons, will occur through the use of innovative technologies and new standards. Customer reviews confirm the quality of completed projects. Buying real estate in Madrid in the elite segment will be even more profitable - the capital, according to experts, is one of the cities where the upward trend in prices for such real estate is very noticeable. Nevertheless, professionals are cautious in their assessments of the future due to inflation and rising interest rates.

Areas attractive for living:

• Tetouan (location and new development),
• El Retiro (expensive housing, museums and parks, profitable to rent commercial real estate),
• Salamanca (prestigious, offices of well-known companies, restaurants, embassies, profitable commercial real estate),
• Hortaleza (adjacent to the mountains, beautiful nature).

Estimated value of real estate in Madrid:

• apartments (resale): studio apartment - 58,000 USD, duplex 145 sq.m - 1,500,000 USD, penthouse 650 sq.m - 7,500,000 USD,
• new building (according to the site GEOLN.COM) - from 1355$ / sq.m,
• commercial: parking (860 sq.m) - 2,300,000 USD, hotel (50 rooms) - 3,900,000 USD.

Due to the high dynamics of price changes, you should use the information that is current at the time of the request.

Property types for sale

• residential - apartments (studios, with several rooms, with access to the roof, two or three floors), houses (cottages, bungalows, rural, villas, townhouses), housing on the ground floor, lofts.
• commercial: manufacturing (industrial enterprises), trade (shops, shopping centers, financial centers, supermarkets), hotels, warehouses, offices, etc.;
• land plots.

The GEOLN.COM real estate website allows you to search for a suitable option in the object catalog without an intermediary and use the consultation service. The sale of real estate in Madrid is regulated by law, transactions are transparent and safe, but in order to minimize risks, it is advisable to use the information of experts and follow their recommendations.

Buying real estate in Madrid is a high-status investment with obvious advantages: high rental income, the opportunity to live and do business in one of the most attractive capitals in Europe for tourists and businessmen.