New buildings in Madrid
City on the map
Madrid is the capital of Spain, located in the central part of the Iberian Peninsula, the Manzanares River flows through the city.
Why is it profitable to buy apartments in Madrid in the new buildings?
Madrid is the largest industrial center in Spain. Spain International Airport serves passengers arriving from all over the world. The authorities are taking vigorous measures to develop local roads and further improve transport infrastructure. Metro lines are expanding at a fast pace. All types of public transport operate in the city: buses, trams, city trains operating in the northern and southern directions.
The geographical position of Madrid makes it attractive for investment, since considerable funds come here from Europe, Latin America and North Africa. They account for about 40% of all capital investments in the capital's economy.
Both ancient and modern architecture are particularly interesting for newcomers to the city, almost every object in the city has its own special character and history of creation.
Spain will lead the group of leaders in terms of the recovery of economic growth in the European Union (it follows from the forecasts of experts from the European Commission). Time will tell whether the forecast will come true, but there are signs of revival already today, they can be seen in the example of human communication: ordinary Madrid residents, weaned from the noise of the night, complain that people relaxing in bars are in no hurry to go home, continuing to sit there until closing time ... The river of life fills the channel again.
Due to the continental climate, the summers in Madrid are hot and the winters are much cooler than in the cities of the Mediterranean coast. Snow falls almost every year. The average January temperature is 5-6°C, the July temperature is 25-26°C.
Experts point out the tendency of an increase in prices for rented real estate in Madrid in the new buildings. This is due to certain changes in the mentality of the Spaniards. Many people prefer to rent rather than purchase housing, since it is more convenient with a mobile lifestyle, besides, prices in modern residential complexes are often slightly lower than in hotels with the same level of service. Experts believe that in the coming years, the number of Spaniards preferring to rent in new buildings will increase even more, especially in such a large city as Madrid. Accordingly, the share of real estate buyers purchasing housing for the purpose of investing in new buildings in Madrid and the rental business will grow. Demand in this segment will remain strong.
Residential complexes in Madrid are being built in compliance with advanced technologies, the sale of apartments from developers can be carried out on a full payment basis or in installments. New buildings in Madrid from the developers offer new communications, modern planning; there are positive reviews about the quality of the objects being built.
Buying apartments from the developers in Madrid is relatively inexpensive by the standards of the EU real estate market. According to the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter of turnkey area is 1,355 USD.
Purchase of the apartments in Madrid from the developers by foreigners
Foreign citizens can buy apartments freely, having the same rights and obligations as the citizens of the country.
Highlights of the city
- Royal Palace Palacio Real
- Prado Museum (canvases of great artists)
- Arena Las Ventas (bullfight) with museum
- Park Campo el Moro
- Puerto del Sol and Plaza Mayor squares. On Puerto del Sol, there is kilometer zero and a bronze bear with a strawberry tree was erected - the symbol of the city on the coat of arms
- Cathedral of St. Francis (the largest dome in the country, seven chapels painted by Goya and other famous artists)
- El Escorial (a huge palace, a beautiful monastery built in the 16th century. There are also two museums here: one of them is a museum of palace history, the second one is a museum of works of art collected by Spanish kings
- Crystal Palace in Retiro Park (made of metal and glass, the palace looks like a giant diamond; exotic flowers grow inside and there is an artificial lake there)
- El Retiro Park (for visiting with children - you can see the performances of drummers, puppet shows are arranged here)
- Park Casa de Campo (can be reached by Teleferico cable car)
- Museum of the fabulous Mouse Perez (for the little ones)
Areas of the city where it is better to live and more profitable to buy real estate
The most popular (for short-term investments for 3-5 years) areas remain:
- Center (attractions, housing in old mansions),
- Salamanca (beau monde, boutiques of world brands, nightclubs),
- Chambery, Ciudad Lineal.
If you are interested in long-term investments, it makes sense to pay attention to Tetouan and Usera.
Businessmen prefer the Moraleja area in the north of Madrid. Athletes also live here, in particular, the players of the football club "Real".
In the past few years, the following areas have been gaining popularity (here you can find modern apartments and spacious houses): Carabanchel, Moratalas, Fuencarral, La Saidia and Barajas.
Purchasing apartments in the new buildings in Madrid is a status investment project that gives the investor obvious advantages: high rental income, resale, as well as the opportunity to live and develop in one of the most attractive capitals in Europe.
Prices per sq. m. in popular districts of Madrid
|Arcos||3765$ / m2|
|Canaveral||2165$ / m2|
|Historic Center of Vicálvaro||2640$ / m2|
|Historic Center of Villaverde||2940$ / m2|
|Rios Rosas||14000$ / m2|
Prices for new buildings near metro stations in Madrid
|Alonso/Martínez||6400$ / m2|
|Tribunal||6000$ / m2|
|Iglesia||6400$ / m2|
|Ópera||6000$ / m2|
|San/Bernardo||6400$ / m2|