Buying a newly built house in Madrid now exceeds one million euros in nearly a third of the city.

Seven districts exceed 600,000 euros to buy a home, with the district of Salamanca having the highest price at 1.77 million euros.
Author: Mónica G. Moreno
Source: El Economista

The area is one of the factors that determines the price of housing. The differences in this regard are quite notable when it comes to new construction in Madrid. Buying a house of this type exceeds one million euros in nearly a third of the city. This is indicated by a report from Activum Real Estate Consulting, which analyzes new three-bedroom multifamily homes in the city of Madrid.

The area with the highest price is Salamanca, where the average cost to acquire a property of this type is 1.77 million euros. Chamartín and Chamberí are other districts with the highest prices for acquiring a new three-bedroom property, at 1.7 million and 1.4 million euros, respectively. Anyone looking to become the owner of a newly built home in the Moncloa area will have to pay 1.3 million euros, 1.2 million euros in the Centro area, and just over one million euros in the Moncloa-Aravaca district.

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