Madrid Neighbourhoods and Real Estate

Of all Madrid Neighborhoods, the popular ones are Alonso Martínez, Atocha, AZCA / Nuevos Ministerios, Las Cortes, Huertas, and others. Huertas is known as the literary neighborhood of the city and an area where many renowned writers lived. Today, it is a major nightlife spot. If you are looking for Madrid rentals in this neighborhood, you can find a 3-bedroom apartment for the price of €780 a week. For this money, you will get a variety of amenities such as washing machine, telephone connection, central heating, vacuum cleaner, and much more. The apartment is close to a bus stop and railway station. Pets are not allowed, and it is not suitable for persons with limited mobility. If you prefer to have a place of your own, you can shop around Aravaca. This neighborhood is close to the Casa de Campo Park and is 9 km away from the city centre. This is a good area if you are looking for Madrid luxury real estate. You can find a 5-bedroom, 6-bathroom house for the price of €4,200,000. You will get a property of 907 sq. meters, with a spacious living room of 94 sq. meters and an independent dining room. The house comes with a fully fitted kitchen of around 30 sq. meters, featured with appliances and designer furniture, and with access to a terrace of 17 sq. meters. The basement consists of a guest suite and a private garden of 60 sq. meters, an indoor swimming pool, sauna and Turkish bath, and a maid’s bedroom.

Another upscale neighborhood to look for luxury real estate is North Somosaguas. Here, you can buy a 9-bedroom house of 1,400 sq. meters for the price of €4,500,000. The property consists of a dining room and a living room, 9 bedrooms, 6 bathrooms, and an office. The house benefits from underfloor heating, an outdoor and indoor pool, marble flooring, centralized vacuum system and alarm CCTV system. The property is offered with a garage with space foe three cars, and there are schools close by. The area boasts plenty of woods and parks like Casa de Campo. If you are looking for Madrid properties but seek to buy something less expensive, you can shop around Barrio de Salamanca. In this area, you can find a 2-bedroom, 2-bathroom apartment with an area of 110 sq. meters for the price of €670,000. You will get a completely renovated loft style apartment with high ceilings and cutting edge interior design. The apartment is featured with a fully equipped kitchen with high quality appliances (microwave oven, fridge freezer, washing-drying machine, and dishwasher) and a contemporary designed bathroom. The apartment benefits from air conditioning and floor heating.

Alternatively, you can buy a 2-bedroom, 2-bathroom house of 300 sq. meters located close to the city’s business center. A luxury villa like this will cost you around €2,200,000. You will get a renovated and furnished house with a spacious living room and a fully fitted kitchen, equipped with the full array of modern appliances. The property benefits from a large reception hall and elegant interior design.

If the asking price is a bit high, ask Madrid realtors for offers in the central part of Madrid. You can get an apartment close to the centre of the old town (just 4 stops to Puerta del Sol). This will cost you around €169,000. You will get a 2-bedroom apartment with a spacious bathroom, a dining room with a sofa, and a fully equipped kitchen (microwave, oven, washing machine, and fridge-freezer).