Starting a heated debate about which neighbourhood or area in Madrid is the best place to live in can end up in favour of one or another region in the Spanish capital. There is no denying that Madrid is a very pleasant city to have a temporary or permanent residence in and has very interesting neighbourhoods, although there is one particular area that enjoys very high ratings by its residents and visitors: El Viso. Despite the push from other areas, this neighbourhood, located in the central Chamartín district, is still one of the best to buy a house in Madrid.
Privileged by Paseo de la Castellana and María de Molina, Príncipe de Vergara and Concha Espina Streets, El Viso is surprising because it has been able to retain the distinguished appearance of a luxury residential area despite its proximity to the urban centre. This is undoubtedly the most important reason why people are interested in different properties for sale in this neighbourhood. Despite the popularity of other surrounding areas in Madrid, such as Pozuelo de Alarcón or La Moraleja, no other district can quite compete with the location of this neighbourhood.
You just have to enter the different streets that cross this exclusive location to realise that buying a house in El Viso means you are buying in a high standing neighbourhood. There are beautiful palaces and stately houses in abundance and, although they are not well-known to the public, it is still clear that the area welcomes very illustrious residents. In a historical sense, some of the characters who lived in El Viso would be the intellectuals, José Ortega and Gasset and Salvador de Madariaga and the politician, Rafael Sánchez Mazas.
Conceived originally as a rationalist colony, the neighbourhood is on flat land that makes trips by car easier, unlike the other corners of the centre. Cleanliness and safety are other aspects that investors who are interested in this area take into account, which is also a safe bet on purely financial terms. The real estate market of El Viso was hardly affected during the great recession, maintaining an average price of more than 15,000 euros per square metre.
In conclusion, buying a house in Madrid is fashionable but if what you are looking for is tranquility, a strategic location and much exclusivity, buying a house in El Viso is the best option. It should not be forgotten that, according to the statistics from Madrid City Council, El Viso stands out as one of those neighbourhoods with the highest income per capita in the capital.