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Urban redevelopment project in Azca area

The Azca area of ​​Madrid is undoubtedly one of the most central and important part of the entire capital. However, its location meant that at the beginning of the decade, various restructuring plans were designed with the purpose of making this area a more pleasant place to work and live in. This is the reason why, since 2015, a long process of redevelopments began, with the purpose of improving the residents' quality of life in this part of the capital city.

Despite having suffered some delays due to various incidents that occurred since the start of the project in October 2015, the fact is that it has recently been announced that the third phase will get under way before the beginning of 2018. This means, the Azca area of ​​Madrid that surrounds the Spanish Cristalería building, one of the most spectacular factories in the city, is getting closer and closer.

Over time, this area within the historic centre of Madrid was taking a drift towards commercial buildings, which resulted in residents seeing how some of their privileges were lost in this area. However, thanks to this redevelopment project, they will once again enjoy their high standards and quality of life. This is due to the fact that within the new facilities, whether renovated or built from scratch, there will be many parks, entertainment venues for all ages, etc.

Foto: © Engel & Völkers Madrid

Undoubtedly, this will make the Azca area an excellent enclave in which to reside. In fact, during the last few months, we have been witnessing the increase in the price of real estate there, which shows that it is becoming a more suitable place to live in. By the end of the project, it is expected that property prices will appreciate well above the levels before constructions began.

On the basis of all this, it is very possible that you are considering buying or renting a house in the Azca area of ​​Madrid. Likewise, it is also possible that you want to invest in this place or, on the contrary, to sell your property in order to make the highest profit. If so, a real estate agency like Engel & Völkers, which has extensive experience in the property sector and in this area, can be of great help to you.

Visit ​​Engel & Völkers website at www.evmadrid.es and find the homes for sale in the area. Afterwards, if you have any questions or want to know more, just contact us. One of our consultants will be at your service and help you with anything you need.

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