10 most expensive streets in Madrid

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What are the ten most expensive streets to live in Madrid? In this post we analyze the ranking of the most expensive streets in Madrid and the most exclusive street in particular.

The 10 most expensive streets in Madrid to buy

The most expensive street in Madrid: Camino del Sur

Las 10 calles mása caras de Madrid

A succession of villas surrounded by extensive plots and protected by dense fences and security cameras along two and a half kilometers. Except for the presence of the Embassy of Thailand and a private school -the Liceo Europeo-, this is the predominant picture of the most expensive street in the Community of Madrid to buy a home.

It is called Camino del Sur, it is in the exclusive neighborhood of La Moraleja, in the municipality of Alcobendas, and, according to the ranking prepared by the real estate portal Idealista.com, acquiring the status of owner in it costs an average of 8,435,000 euros. Among its illustrious neighbors is the footballer David Beckham, who lived there during his four-year stay in Spain.

Leaving aside the blandness of its name, in this artery located 20 minutes drive from Puerta del Sol -according to Google Maps- you can not park, even if you find a yellow Porsche at the door of a farm, and has such little traffic that even the singing of the birds nesting in the leafy trees that mark the entire layout of the street can be heard with precision.

 

The 10 most expensive streets in Madrid: Salamanca holds the podium

 

Las 10 calles mas caras de Madrid

 

Salamanca maintains its leadership as the most prestigious area of the capital. The strong demand in the neighborhoods of Goya, Ibiza and Niño Jesús places this elegant district at the top of the price ranking, where national buyers have taken the baton from a good part of the international ones last year. The most expensive street in this area is Salustiano Olózaga, in Recoletos, with prices of 12,000 euros per square meter.

In Centro, Justicia remains one of the top areas of the city with prices reaching 10,000 euros per square meter in streets such as General Castaños, in line with the golden mile of Serrano. It is followed by neighborhoods such as Almagro (Chamberí), Jerónimos (Retiro) or El Viso (Chamartín), where the supply of representative properties can exceed 8,000 euros/sqm. The increase in demand for properties with terraces, terraced houses with gardens and single-family homes has boosted interest in other areas of Chamartín such as Hispanoamérica and Nueva España.

Also in Ciudad Lineal and Hortaleza, where the focus has been on the most premium areas such as Conde Orgaz Park, Arturo Soria and Piovera. Along the same lines, homes in many areas in the north of the capital have met the most sought-after characteristics in the pandemic.

Mirasierra, Montecarmelo, Puerta de Hierro, Fuentelarreina or Tres Olivos have maintained strong demand while monopolizing the most expensive addresses in the area, with Monasterio del Escorial (Montecarmelo) and San Martín de Porres (Puerta de Hierro) at the head of the most exclusive streets in the area with prices exceeding 5,000 euros/m2, followed by Calle La Masó (Mirasierra).

In the Moncloa-Aravaca district, although the most exclusive street is Pintor Rosales, with a cost of 6,000 euros/m2, it is noteworthy that this new buyer profile has led to a significant price increase in Aravaca. In some areas, the rise reaches 14% with Avenida de Valdemarín as the most appreciated address with prices above 4,000 euros/m2.

La Moraleja, in Alcobendas, has always been one of the most exclusive areas in the outskirts of Madrid, but now it is regaining this position with strength due to its typology of spacious homes with green areas, both private and communal. Not exclusive to this urbanization, El Soto and El Encinar have also attracted a large number of buyers from the center of Madrid.

The 10 most expensive streets in Madrid to rent

Salamanca and Centro are also the most expensive districts for rent. This segment in Madrid has also experienced a change in the demand for property typology towards exterior homes with balconies, terraces or with gardens and green areas. However, within these preferences, the apartment between 80 and 100 m2, with two bedrooms and in central neighborhoods of the capital continues to be the most demanded by landlords.

Salamanca remains the most expensive district, followed by Centro. In the latter, the lower number of investors, especially in the tourist use segment, has meant that many of the properties in the portfolio have gone to traditional rentals.

In Barbieri Real Estate, specialists in rental properties, we offer properties in the neighborhoods of Aravaca, Chamberí and Salamanca. Discover all our offer of available apartments in Madrid.

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