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Engel & Völkers Licence Partner Madrid > Blog > 5 flats for less than €500,000 in Madrid

5 flats for less than €500,000 in Madrid

The concept of buying a house in Madrid is a complicated affair because of the high property prices. However, it is still possible to find cheap flats or houses that offer great quality at affordable prices. If you put your trust in an internationally renowned real estate agency like Engel & Völkers, with its large portfolio of properties in the capital, you can find great opportunities such as these homes for less than €500,000.

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This fantastic 82 sqm apartment is located on the ground floor of a building in the neighbourhood of La Paz and benefits from a private garden of 21 sqm. It consists of two bedrooms with an equal number of bathrooms and a fully furnished kitchen as well as a large bright living room overlooking the garden, in a private estate with swimming pool and tennis courts. Located in the district of Fuencarral, bordering the Norte Park, this is an area with ample services and hospitals like La Paz and Ramón y Cajal.

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In the neighbourhood of la Guindalera, which belongs to the prestigious district of Salamanca, you will find this charming one-bedroom apartment, with a living area of ​​44 sqm. This property is in excellent condition with air conditioning and underfloor heating. It is situated in a sought after area in Madrid. In addition, it is very well connected to the rest of the city with excellent amenities.

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Another one of these flats in excellent condition is the ready to move in duplex in the neighbourhood of Castillejos, within the district of Tetuán. With a living area of 130 sqm, it is on two floors with excellent layout and the best amenities. The neighbourhood of Castillejos has a wide variety of services, from department stores and shops to schools and sports centres.

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Among this sample of cheap properties for less than 500,000 €, we can find a spectacular 108 sqm penthouse in the area of ​​Arturo Soria. It has a stunning terrace of 29 sqm, with plenty of natural light, on the sixth floor with breathtaking views. Located in the neighbourhood of Quintana near Calero Park, a green space that's essential for the neighbourhood and with a good supply of services.

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Finally, Engel & Völkers is offering those who are interested in buying a good quality property in Madrid a spacious penthouse with two terraces in the neighbourhood of Rejas, in the district of San Blas, east of the capital. In its 138 sqm living space that's full of natural light it houses three bedrooms and two bathrooms, in an estate that has a swimming pool and round the clock private surveillance.

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