- Location. The location is a factor that influences the price very noticeably. In fact, before looking for a house, this is the first aspect that needs to be established, i.e. where you want to live. Keep in mind that not all properties in different neighbourhoods are priced the same per square metre.
- The size. Generally, the 80 square-metre flats with two or three rooms are the most in demand. In fact, most of the current demand is centred on properties between 50 and 200 square metres. Those that are below or above this range don't enjoy the same demand.
- The height. This is estimated on the number of floors. For example, with every floor addition, a further 3,000 euros will be added. Ground floor properties or single-storey homes are the most economical, while penthouses are at the higher end of the price bracket.
- The State of Conservation. New constructions, due to their greater energy efficiency and insulation, have a higher price than the older properties. In this sense, an EPC or the energy certificate is especially relevant. Between the highest and the lowest scale there may be a price difference of more than 15 per cent.
- The exteriors. Those homes that have good views and face south are the ones that enjoy most natural light and have a much higher price. It is, therefore, important to take these into account when buying a home. These factors can cause the price to fluctuate by up to 29 per cent.
Good connections in public transport, swimming pool and garage are other elements to take into account when looking for a home this Christmas. If you are currently in this position, we recommend that you visit the Engel & Völkers real estate office in Madrid. We can help you find the ideal home for you and your family.