Colliers: There is No Place for New Luxury Realty in Madrid
May 03, 2021
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The districts of Salamanca, Almagro, Chamberi, Recoletos, Geronimos and Justicia have run out of unoccupied land for construction.
The experts of a consulting company Colliers have studied the market of luxury residential real estate in Madrid, focusing on properties that cost more than €5 million, writes Noticia.
The study says that luxury housing in Madrid has become a safe haven for investors in times of uncertainty. Analysts noted the high quality of life in the Spanish capital city, close proximity to the business and financial centers, climate, security and rich culture.
The attraction of Madrid is growing due to the unstable political situation in Venezuela, Colombia and Mexico. Many wealthy immigrants from these countries moved here. In addition, such immigrants are close to the Spanish-speaking culture.
Wealthy buyers usually prefer real estate in the areas of Salamanca, Almagro, Chamberi, Recoletos, Geronimos and Justicia, that have no more land for construction. This reason make house prices even bigger.
"Houses with large terraces or gardens, as well as penthouses, are a scarce commodity in high demand. Such facilities should be equipped with concierges and other services, " Colliers says.
Interesting
More than half (55%) of all luxury real estate in the center of Madrid are penthouses. The average area is 520 sq. m. The cost per square meter is around €14,000-15,000.
Available real estate in Madrid:
18 700 000 €
Hotel in Madrid, Spain
16149 sq.m
Spain
Madrid
Hotel near the airport
Hotel 4**** close to the international airport,
just 15 min drive from the center of Madrid.
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INDOM
940 000 €
Commercial property in Madrid, Spain
253 sq.m
Commercial premises in the heart of the city of Madrid.
The total area is 253 sq.m.
The tenant is a restaurant. He has been a tenant for a long time.
The contract is signed with the new owner for a period of 10 years.
The mandatory execution period is 2 years.
The amount of rent per year is 50,400 euros per year.
The...
ESTATE BARCELONA
640 000 €
Flat in Madrid, Spain
108 sq.m222
Residence
Apartment in the Hispanoamerica area of Madrid. The total area of 108 sq.m. The apartment consists of a hall, a spacious, very bright external living-dining room with large windows and an open kitchen with an island equipped with high-quality appliances: with a Silestone countertop. In addition, there is a bedroom with a single bed, a dressing...
ESTATE BARCELONA
950 000 €
Flat in Madrid, Spain
127 sq.m333
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This house is located on the second floor with an elevator. Apartment with high ceilings, consisting of 3 bedrooms with 3 bathrooms and 3 fully equipped bathrooms, 2 of them with private bathrooms, one of them with bath and shower, living room, dining room and equipped open kitchen. The apartment is decorated with natural wood, LED lighting and...
ESTATE BARCELONA
650 000 €
Flat in Madrid, Spain
130 sq.m332
Residence
Apartment with garage, storage room, swimming pool, garden, gym and all amenities. Security is guaranteed by round-the-clock security and concierge services. A very bright house with a very functional layout, designed to guarantee the comfort and well-being of future residents.The complex is strategically located in one of the main prestigious...
ESTATE BARCELONA
2 200 000 €
Flat in Madrid, Spain
177 sq.m334
Residence
The apartment, completely designed by the famous Pilar Garcia-Ferrer (@pilsferrer), offers a unique sense of sophistication and style. Upon entering, the impressive and functional hall shows us the carefully thought-out layout of every corner of this house. Non-standard cabinets elegantly organize the space, dividing the house into a social area...
ESTATE BARCELONA
900 000 €
Commercial property in Madrid, Spain
127 sq.m
The apartment for joint rent is located in the area of Justice Divided into 4 fully equipped apartments, two of which have a patio/terrace. The total area is 127 m2. Has an Airzone system for air conditioning through ducts in each of the units, with air conditioning in each of them and control via the administrator's cell phone. All apartments...
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1 499 000 €
Flat in Madrid, Spain
200 sq.m33
Residence
Renovated property of 200 m2, situated on the second floor. It has 3 spacious bedrooms with 3 en-suite bathrooms and a guest toilet. It comes fully furnished with designer furniture, wood finishes, air conditioning and excellent LED lighting. It has a laundry room and pantry. The building has ated in the heart of Madrid, in the Malasaña...
Mercury Group
999 000 €
Flat in Madrid, Spain
91 sq.m33
Residence
Recently renovated, this 91 m² property is situated in an outstanding location. Boasting three bedrooms, two featuring an en suite bathroom, the residence includes a kitchen equipped with top-tier appliances. It is offered fully furnished with bespoke designer furniture in wood, complemented by air conditioning and ambient LED lighting. The...
Mercury Group
770 000 €
Flat in Madrid, Spain
97 sq.m22
Residence
Fantastic newly renovated house in the Chamberí neighborhood, a few meters from the Glorieta de apartment is newly renovated with the best qualitiesThe apartment consists of 2 bedrooms and 2 main room has a dressing room and an en-suite bathroom with a shower and a bathtub. Kitchen with all brand new appliances. Individual heating of natural...
Mercury Group
900 000 €
Flat in Madrid, Spain
105 sq.m22
Residence
Charming apartment with 2 bedrooms and 2 bathrooms, located in Salamanca district,ted in an area that combines the tranquility of a residential street with the proximity to a wide range of services, shops and has been recently renovated and furnished, ready to live in, with excellent qualities and bright 6th floor with balcony. Just upon...
Mercury Group
919 000 €
Flat in Madrid, Spain
112 sq.m33
Residence
In the heart of Madrid's bustling Centro District lies this meticulously renovated property, showcasing three bedrooms, with the added luxury of two en-suite bathrooms. The kitchen, adorned with high-end appliances, adds a touch of sophistication to therse yourself in the comfort of a refurbished living space, complete with the convenience of...
Mercury Group
1 449 000 €
Flat in Madrid, Spain
186 sq.m33
Residence
Located in the vibrant heart of Madrid, this centrally located flat on the first floor captures the essence of modern living. With a welcoming east orientation, the completely refurbished property features three generously sized bedrooms, including two en suite, accompanied by a convenient laundry room and pantry. The interior is a testament to...
Mercury Group
839 000 €
Flat in Madrid, Spain
110 sq.m33
Residence
Situated on the third floor, this completely refurbished property features three bedrooms and three bathrooms, two of which are en suite. The flat is fully furnished with custom-made designer furniture, characterized by wood finishes and enhanced by excellent lighting through LED lights. Alongside air-conditioned heating and a balcony, this home...
Mercury Group
2 480 000 €
House in Madrid, Spain
440 sq.m56
Residence
Detached 440m2 villa, located in the exclusive area of La Moraleja, distributed over only 2 floors, with a large garden and a 1,500m2 the main floor we find a beautiful double-height entrance hall, guest toilet, large living room and separate dining area. The access from the living room to the garden is through a large glazed porch that can be...
Mercury Group
500 000 €
Flat in Madrid, Spain
128 sq.m32
Beautiful apartment located in a gated community in house has 3 bedrooms, 2 bathrooms, living room, kitchen, 2 parking spaces and a storage urbanization has a beautiful garden with a swimming pool, playground, area for children, room for meetings and events and a 24-hourhinarro is a residential area located in the Hortaleza district, Madrid. Its...
Mercury Group
1 500 000 €
Flat in Madrid, Spain
143 sq.m
Residence
Mansion located in front of the Retiro Park, is being comprehensively restored, respecting and taking care of every corner to maintain its essence and project houses 7 unique personalized homes that are different from each other, with robotic parking, storage room, green areas, maintaining details such as the original moldings of the house where...
Mercury Group
1 700 000 €
Flat in Madrid, Spain
247 sq.m533
Residence
This stylish, spacious apartment is located on one of the central streets of Madrid - Mayor Street, just 100 meters from the famous Puerta del Sol square. Located in a prestigious area with a south orientation, it offers spectacular views of the Mayor Street and the Madrid City Hall clock on the Puerta del Sol. The apartment is completely...
ESTATE LINK
740 000 €
Flat in Madrid, Spain
143 sq.m22
Residence
Nice ground floor apartment with 196m2 of PRIVATE GARDEN with lawn, trees, plants. 2 GARAGE spaces and storage room, located in community includes: areas for children with swimming pool, garden, gym, children's playground, community room and ping pong property consists of 2 bedrooms with 2 bathrooms, kitchen and living-dining room + a...
Mercury Group
505 000 €
Flat in Madrid, Spain
60 sq.m11
Residence
The apartment is centrally located in the Salamanca district, one of the most exclusive areas of Madrid, known for its elegant buildings and tree-lined elegant apartment is renovated with great taste and a modern style with beautiful details. It is located on the 2nd floor, with an INTERIOR view to a large and bright patio. It features an open...
