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Ranking of the most expensive locations in the Community of Madrid

The property price per square metre in the Community of Madrid is one of the highest in Spain. In this sense, there are areas in which this information is especially palpable. While it is true that in the centre, the house prices can reach really high levels, the reality is that there are nearby towns that far exceed it.

The ranking of the more expensive localities of Madrid would be led by Pozuelo de Alarcón followed by Alcobendas, Majadahonda, Las Rozas, San Sebastián de los Reyes and Tres Cantos. Undoubtedly, these are really different municipalities that offer their residents a series of tangible and intangible values ​​that lead to the increase in property the price. Among these values, the most important are the geographic location, the social prestige, the infrastructure and the environmental quality.

Madrid - madrid-plaza-espana.jpg

The location and the good communications are the elements that play an important role in influencing the price of a house. Pozuelo de Alarcón, Majadahonda and Las Rozas, in addition to being very close to each other, have excellent connections with the centre of Madrid. This is also one of the reasons, coupled with the social prestige of residing there and the quality of the existing homes, that people with high purchasing power who have to commute to the capital on a daily basis prefer to establish their residence there.

Infrastructure is also an important element in this ranking. In fact, the municipalities connected by A6, that is, La Coruña, are more expensive than those with connections to the A3 (Valencia) or the A4 (Andalucia). In addition, it must be taken into account that the A6 is surrounded by the main headquarters of the most important companies operating in Madrid. This is also applicable to Tres Cantos because, although it is a little far from the centre, it has a very important business infrastructure.

On the other hand, the environmental factor, closely linked to the geographical location, can further enhance the value of a house. In fact, in these times when Madrid is constantly on alert due to high levels of pollution, buyers with high purchasing power prefer to reside in the capital's outskirts towards the mountains and in the northern part of the city. In addition, the weather conditions are also better.

The architectural quality of all the municipalities that are part of this ranking, which is possible thanks to the bet by renowned architects, has led to the creation around the so-called 'geography of prestige'. This means those who reside in a particular place tend to demonstrate a high social status.

Fuente

Engel & Völkers

Madrid
Génova, 27 - 5th floor
28004 Madrid
Spain
Phone
+34 91 277 45 00

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