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The most expensive streets in Madrid

The website Precioviviendas.com has published its latest report on the most expensive streets in Madrid. This study takes into account the properties, such as flats, excluding the most exclusive housing developments that would normally stand out. A number of key aspects have been taken into account when submitting the report. The most notable one is related to the price of the houses (and not only those that are currently for sale) in all of Madrid's streets in order to calculate the average figure. 

Buying a house in the capital is certainly a challenge, especially if we consider this report with its disproportionate figures. Paseo de la Castellana is in a winning position with its more than 3,640 homes and a total value of around 2.63 million euros. The second of this millionaire ranking is Alcalá Street with more than 6,580 homes, valued at 2.09 million euros. It is very closely followed by Núñez de Balboa Street with just under 2,200 homes, which totals to 1.5 million euros. In fact, the Salamanca district is one of the most quoted with six of its streets located on top of the list in Spain. These are: Lagasca, Velázquez, Serrano, Castelló, Claudio Coello and Núñez de Balboa.

Madrid - Las calles más caras de Madrid.jpg

Foto: © Engel & Völkers Madrid

Do not forget that in the heart of the Salamanca district there is the famous Golden Mile, an area full of fashion, home decoration and jewelry shops, not to mention luxury hotels, schools, embassies and the best restaurants.
Its proximity to Retiro Park is another factor to take into account as well as the impressive views of Madrid that can be enjoyed from the adjoining buildings. There is also the fact that these homes are large in size, have high ceilings, and their exteriors are stately.
So, considering all of the above, it is logical that the prices of flats are very high. This is why buying a house in Madrid's neighbourhood of Salamanca is a safe bet.

These are the streets with the highest price per square metre in the capital city. Either way, prices skyrocket when it comes to historic buildings that are in good condition or those that are undergoing renovation projects and are considered as luxury. In these cases, the price can be up to €5,000 per square metre or even higher. A very characteristic example is the Claudio Coello building at number 108, which is composed of more than 10 properties at €7,500 per square metre.
In Alcobendas, there are also two of the most expensive streets in Spain, close to the popular urbanisation of La Moraleja: Paseo de los Parques and Hiedra Street. Paseo de los Parques is distinguished by its unique setting and attractive properties, with terraces, gardens and even penthouses with solarium. As for Hiedra Street, it is defined by new or recently constructed buildings that considerably raise the average price per square metre.
Currently, the Spanish capital has almost 1.5 million homes with their total market value above 360 ​​billion euros.

Engel & Völkers

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

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