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Madrid Backs Luxury Housing to Curb the “Suburb Effect” of the Pandemic

Moncloa and Chamberí overtake the neighbourhood of Salamanca as the districts with the most expensive new build homes in the capital, whilst in Moratalaz there are no new build homes on the market.

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Luxury homes spanning more than 600 square metres, with five-star hotel facilities, are not a product exclusively found in the outskirts.

This is evidenced by the supply of new build properties in Madrid, where a dozen super luxury residential projects are currently being marketed (with prices exceeding 1.5 million euros per home), according to data collected by the Brains RE real estate big data platform.

Read the full article in Spanish.


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