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Building renovations in Madrid

The most optimistic forecasts about the stabilisation of real estate industry are increasingly showing signs of full compliance. In addition, these good prospects are not limited to just new-builds. The number of building permits for last year was close to 65,000 homes. This figure is 28.8% more than the one recorded in 2015. This is due to the fact that property renovations are the key to real estate expansion and growth.

Madrid - Rehabilitación edificios

Foto: © Engel & Völkers Madrid

Therefore, if we take into account the building renovations in Madrid and other urban areas, this sector is playing a very important role to achieve a balanced model by moving away from excessive constructions in the past that led to the negative situation that we all suffered. 

If we take into account that about 75% of the 18 million first homes located throughout the national territory were built between 1960 and 2007, we will understand that their construction had very little to do with current standards. Therefore, their renovations can bring a significant improvement in the quality of life of its residents and an unquestionable advance in terms of energy sustainability.

The attractions of renovating buildings in Madrid are huge, both for the purpose of residing in and to invest, since the central parts of the city hardly offer new-builds. For this reason, a real estate agency with the international prestige of Engel & Völkers has included some top offers in its portfolio such as the following:

This exclusive renovation project in the heart of the Salamanca district and an environment characterised by luxury and elegance, is a unique and historic building from the 20th century. Respecting the exterior and original appearance, it six floors are well laid out. There is also an attic and roof terrace, all in a quiet area in which there is plenty of natural light. The renovation project includes the introduction of facilities based on the latest technologies and the highest energy efficiency, with the latest innovations in electricity, air conditioning, lighting and home automation systems..

Madrid - Rehabilitacion edificios

Foto: © Engel & Völkers Madrid

As a great investment opportunity, the second property offer from Engel & Völkers is presented, in the exclusive Chamberí district, in the heart of the city's central part. It is a building with 41 modern and spacious homes, from one to four bedrooms, equipped with the latest technology in home automation and premium communal facilities: garden areas, private pool, luxurious solarium on the deck, concierge, gym with sauna and underground parking.

Finally, a duplex penthouse is available to clients, in the exclusive and stately area of ​​Recoletos-Salamanca, equipped with four suites, three parking spaces, a swimming pool and a storage room. The integral renovation of the building has only preserved the façade and the staircase, using high quality materials in the finishes, with smart home automation system and underfloor heating. The presence of a pool-jacuzzi on the roof terrace of the building as well as the solarium and a multi-purpose gymnasium give a better idea of this property's ​ exclusivity and unique character.

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