In recent years, Madrid has become one of the most important tourist and investment destinations in the world. The impressive cultural, gastronomic and entertainment offerings in its districts and areas make this place an excellent opportunity to invest in luxury real estate. That is why today we bring you a brief but very illustrative selection of the best neighborhoods and areas to live in Madrid.
How is Madrid divided?
The Municipality of Madrid is divided into 21 districts and 131 administrative neighborhoods, where the lifestyle of the people of Madrid is becoming more and more modern, without neglecting the impressive architectural style nurtured by centuries of history.
In this scenario, medieval, renaissance, baroque and neoclassical architectural currents converge to give a mystical harmony to the streets, monuments and main destinations. In all its constructions we see the prominence of materials such as brick, stone, sand and iron, which take us back to more classical times .
Madrid, the capital of the country, stands out from the rest of Spanish cities thanks to the emerging real estate offer that is growing day by day through its neighborhoods. Here are 3 districts of Madrid that you can not miss.
Retreat
Retiro, Madrid, is one of the most exclusive districts of the Spanish capital, and for this very reason, it is an excellent option to acquire a property at this time, since the capital gain is a fundamental factor that will act in the future. In this area we find some of the most important museums in Spain, such as the Prado Museum .
Retiro is home to the Retiro Park, the green lung that redefines the lifestyle of the people who live here. In this district we find some of the top neighborhoods to live in. Let’s take a look at them below.
Jerónimos, a privileged place in the heart of Madrid.
In this neighborhood are located iconic streets such as Alcalá, Alfonso XII, Paseo Del Prado and Paseo de la Infanta Cristina. Although the commercial offer is not high, this is its main attraction, since we are talking about a very stately residential area that keeps luxury, comfort and tranquility in the day to day.
In Jerónimos the price per m2 averages €8,000, and properties range from 110 m2.
5 destinations not to be missed in Jerónimos
Ibiza, a growing place for the most daring ones
The layout of the streets in Ibiza stands out for having much influence on the layout of Salamanca, i.e., with perpendicular streets and large sidewalks that allow you to walk quietly. This is ideal for those who do not want to live tied to a car or other means of transportation and enjoy doing their activities on the go.
Ibiza stands out for being one of the most commercial areas throughout the M30 (the most sought after ring road in Madrid), specifically in O’Donnell street and its surroundings.
Ibiza has become a highly desirable place for investors and people looking to acquire a property in an area rich in culture, and at the same time, in architecture and lifestyle. Here the price per m2 is around €6,300 and properties range from 110 m2.
3 places to visit if you are in Ibiza, Madrid.
Chamberí
Located in the heart of the M30, the Chamberí district stands out for the architectural legacy found in its streets, which specifically refers us to the Madrid aristocracy of the nineteenth and twentieth centuries.
In contrast to Retiro, this area has more shopping and dining options, so if you are a person who likes to explore new destinations and always be open to new experiences, this may be your ideal destination.
3 neighborhoods in Chamberí that you should know before living in Madrid
Vallehermoso
If you’re someone who loves to go for a morning run, or just take your pet for a walk and have a chat with friends, this is the neighborhood you should aspire to. It stands out for being a residential area very close to Ciudad Universitaria, so the energy and constant activities will not be long in coming.
Here we must highlight the Santander Park, where outdoor sports are an everyday occurrence. And in front of this space are the Canal Isabel II facilities, a space where basketball, soccer and tennis courts converge.
If you wish to purchase an apartment in Vallehermoso, you should know that the average price per m2 is around €5,700 and properties range from 100 m2.
Almagro
This neighborhood stands out among others thanks to the Parisian tradition with which its spaces and buildings are developed. A must-see in this neighborhood is the Sorolla Museum, a place that hides a beautiful garden. All the elements in this space invite you to live a completely Mediterranean experience without having to leave Almagro.
7 places to visit in Almagro
- Plaza Colón
- Fernán Gómez Theater
- Bermejillo Palace
- Castellana Zone
- Salamanca Zone
- Ruben Darío Subway
- The House of Garay
As one of the top neighborhoods in Chamberí, it is one of the most sought-after places to live or invest. Here the price per m2 starts at €7,000 and the properties have dimensions from 180 m2.
Rosas River
The neighborhood of Rio Rosas in Madrid stands out for being a neighborhood more to the north center of the M30, and something you should know if you are a soccer fan, is that the Santiago Bernabeu Stadium, home of Real Madrid, is only 6 minutes from this mythical place. So if you want to live real Madrid experiences and not miss any match of your favorite team, this neighborhood is a great option for you. Here prices per m2 for an apartment start at €6,100 and properties start at 100 m2.
3 destinations not to be missed in Rio Rosas, Madrid.
Center
The Centro district in Madrid enjoys legislation that more strongly regulates emissions from automobiles on its streets. As a result, air quality at this location is becoming more and more important as time goes by.
Justice
Among the most outstanding neighborhoods in Centro is Justicia, a place that has received its name because it is the location of the Supreme Court and the Court of Auditors of the City of Buenos Aires. The architecture of its streets is monumental and there are practically no buildings that go unnoticed along its streets.
In Justicia we find Chuecas, which is not a neighborhood exactly, but an area where the LGBT+ community has seen new opportunities to settle and grow a supportive community. So inclusion in these spaces is something that has advanced incredibly compared to the rest of Madrid.
In Justicia, prices per m2 of property start at 6,000 and apartment sizes start at 70 m2.
What to visit if you are in Justicia, Madrid.
- 900m Plaza Cibeles
- 1 km Puerta de Alcalá
- 2.5 km Santander Park
- 1.3 km from Plaza Mayor
We hope this brief buying guide to Madrid’s most popular and top neighborhoods will be of help to you in your search for the home of your dreams, or in your search for an excellent short, medium and long term investment. Remember that in Nolab we have real estate specialists ready to provide you with all the information you need in your purchase process, contact us!
