Warm autumn in Madrid

Madrid is on fire and so is its real estate market, and in this last quarter the price of second-hand housing in the capital has only remained at 15% of the price of the real estate bubble of 2007. The difference, and what makes us not in the same situation, is that this rise will not be accompanied by an excess of mortgage loans or the risk of default. Both in 2020 (the year of the pandemic) and today, real estate has shown that it is based on much more solid pillars than in the past. While in those years the market was exposed to a high oversupply of unsold new housing, today the opposite is true and what prevails in the areas of greatest economic activity is the shortage of housing supply.

The demand for housing in Madrid is very high and this is reflected in prices: there have been twenty-four consecutive months of increases, which is the highest rate of growth of housing in the city in the last 18 years. The high demand, however, chooses its areas, and below we review the most sought after. And if all of Madrid is in the real estate spotlight, the premium market is even more so. And it is expected to remain so, as it is estimated that the number of people with high assets will increase by at least 10% in the next five years.

That is why it is advisable to show interest and make a visit as soon as possible when an asset really interests us, as the ‘sold’ sign is being hung earlier and earlier. The other way is to contact specialized agents such as The Sibarist, because most of the time the most special properties do not even appear in the most common portals.

If you are clear about the type of property you want, but not so clear about the area, we summarize below the neighborhoods that are the object of desire for the most exquisite buyers.

Salamanca, the king that never abdicates

A common confusion, not only among international buyers, but also among many Madrileños, is not being clear about what is considered Salamanca district and what is not. Part of this confusion is caused by the fact that the Salamanca district encompasses several neighborhoods, one of which is precisely Salamanca. That, together with Recoletos, Goya and Lista, forms the almost golden square of this central area, which is complemented by other neighborhoods such as Guindalera, Fuente del Berro and part of Castellana. In the most premium blocks, such as the ones we are going to show you now, the square meter does not usually go below 12,000 euros/m2 and can reach up to 20,000 euros/m2 in several properties.

For example, this fantastic apartment in the top image that has 256 square meters with frontal views of El Retiro Park. In addition, it is delivered turnkey renovated with the best qualities, has been distributed in three bedrooms en suite, and living room with integrated kitchen to enjoy the views without architectural barriers and 3.20 meters high that has all the property.

Another example is this magnificent property of 241 m2 in the area of Lista, the nerve center of the neighborhood of Salamanca par excellence and another location where 20,000 euros/ m2 are reached. It has spectacular views and luminosity because it is a sixth floor, and also enjoys exceptional qualities. It also has several things that are very difficult to get all together in the center: common areas, garage and pool. For sale for 3.5 million euros.

The XXL homes: the most sought after in the golden mile

Something increasingly in demand and that is difficult to find in Salamanca and other surrounding areas are properties of more than 500 square meters. Many international families that started settling in the Salamanca neighborhood have decided to make the leap to larger properties and the supply is scarce, so several have ended up moving to single-family homes in suburban developments. However, in The Sibarist we have several properties of the so-called XXL in its portfolio and has managed to make available to many unique customers real estate that often do not go out or market openly. In the image below we see a super special property for sale in our real estate, 510 square meters and with service area.

More special is still find these over 500 square meters in an area like Lista, the heart of the classic Salamanca neighborhood, where we have for sale this property almost 600 square meters that we show you below these lines. It is located in one of the most representative buildings of the capital, with a stately portal and carriage passage that gives access to an area of almost 50 m2 and 5 m high and capacity for three cars. Inside, an exquisite renovation makes the light reach all its spaces, all of more than 3.5 meters high, where the nerve center is the kitchen great kitchen posed as the nerve center of the house that in addition to grandiose reception areas has four bedrooms en suite.

Jerónimos y Retiro: the lung of the city

Very close to Salamanca, adjacent and in some streets almost merged, is the area of Retiro, with neighborhoods as essential to understand Madrid as the Jerónimos, with the church of San Jerónimo el Real from which the name comes, and very close to the Prado, one of the world’s greatest pinacotecas. All that elegance and history is transferred to practically each of the fantastic buildings and hotels that make up this architectural oasis, while sheltering the green lung of Madrid, the Retiro park.

Very close to it is the house of the upper and lower image, which is delivered turnkey, reformed with high quality standards and prepared to start enjoying its 335 m2 with very large reception area in two communicating environments, four bedrooms en suite and a large terrace of 135 m2 overlooking the park. For sale for 4.35 million euros.

Centre: a unique flavour

Madrid is not only a trendy city, it’s a city with a lot of history. That’s why only in the central almond that would be among the now almost imaginary ancient walls we find jewels like this one from the Madrid of the Habsburgs.

A unique property of the eighteenth century that has been restored respecting its ceilings of more than five meters vaulted, with brick structure and thick walls, a huge cubicle distributed in several large rooms, with different heights, forming a unique and unrivaled space.

Chamberí, the Madrid of yesterday and today

Another very sought after district of the capital is Chamberí, perhaps the best combination between casticism, modernity and a neighborhood full of life. Among its different neighborhoods we could say that the most stately is Almagro, with that Parisian air of classical and opulent facades, XXL-size flats or palaces with gardens scattered throughout its streets.

This wonderful house of 383 m2 of classic cut, in a building with passage of carriages and garage speaks to us of that magnitude of spaces. Wide spaces connected and maximum luminosity through its facade and two large central courtyards plus the southern façade that faces a landscaped block courtyard. It also has two parking spaces. It is for sale for 4.2 million euros.

Justice: a neighborhood always alive

The high demand of its neighboring area of Recoletos has skipped Castellana to revive neighborhoods like Justicia and Salesas, that have never ceased to have a special charm for the Madrileños but now they are back to live a boom with the opening of shops and super interesting gastronomic places. It is a lively area, very sought for people with cultural and gastronomic interests. We have for example this property of 240 m2 in one of the most desired quadrants of Salesas and in a building of 1900 with balconies in perfect condition. The interior design project carried out is outstanding, integrating classic and modern elements with great harmony.

Argüelles, the most balanced Madrid

A neighborhood very close to Chamberí is Argüelles, which has a tempo very similar to its neighbor: residential life combined with a very lively commercial activity but not overwhelming. In addition, the proximity to green areas such as the Paseo de Rosales, Parque del Oeste or Ciudad Universitaria, makes it the bourgeois district by tradition of Madrid and a ‘uy area demanded today.

Just next to the Parque del Oeste and the Plaza de España is this turnkey property, with all the details, in a late nineteenth century building that looks out over a quiet street through three beautiful French balconies with three bedrooms. In total there are 113 m2, which make a magnificent option as permanent housing or for profitability, close to several universities.

Chamartín: the north breathes well

Chamartín is a large district with very different areas in its typology. From the most residential areas of Ciudad Jardín, Hispanoamerica or New Spain, to the business and commercial bustle of Plaza de Castilla, or to the north axis of La Castellana under the shelter of the renovated and emblematic Santiago Bernabéu stadium, or the magical colony of El Viso. The small villas of this last district are the object of desire both of the families madrilenian and many international who are in love with these streets with ‘air of sophisticated village life’, and a step away from the main arteries of the city. But in El Viso there are also high-rise housing, the least, and therefore very much priced. An example would be this bright property of 366 m2 very well distributed in social area with independent dining, bright kitchen with service area and four large bedrooms (the main one en suite). In addition, it has two parking spaces, a storage room and a garden and communal pool.

Madrid, therefore, is not only the city in vogue right now in Europe, but also forms a wonderful showcase where you can choose housing. All the areas shown benefit equally from the great security of this city, its exquisite transport and its wonderful cultural and gastronomic offer, but on the other hand, each one has its own particular charm. Nothing like a walk through our portfolio to enjoy your properties and learn more of the rhythm of the exquisite neighborhoods where we offer our special properties.