The real estate sector is recovering, and therefore investing in Madrid could be attractive for really any type of investor, whether you are a conservative, moderate or aggressive investor. When it comes to making the most of your money, many people decide to buy apartments in the capital in order to obtain the best possible return on investment.
The district of Salamanca is one of the most exclusive districts in the capital. It is close to the popular Golden Mile and Salamanca’s streets are full of people.
Buying a home in this area could be a great opportunity, and this article by ShMadrid will explain some of the reasons why.
Related article: Madrid’s Salamanca district
Advantages of buying a home in the neighbourhood of Salamanca you may not know
If you decide to buy real estate in Madrid, it is good to know that Salamanca is one of the districts that are most in-demand. Salamanca is in Madrid’s north, and it is bordered in the east by the Paseo de la Castellana.
This is the exact street where most of the wealthy families have settled. The district was formed after Charles III came to Madrid, so in essence, we are talking about a little piece of Spanish history here.
The real estate market has received a boost, and gradually we are noticing growth again. Many investors prefer to spend their money in high-end districts like Salamanca, as assets are constantly being evaluated.
This implies that it is still possible to find properties at a very attractive price in this area, which could turn out to be a promising future investment.
The district of Salamanca is one of the most exclusive and elegant districts in the city, and it stands out for its busy commercial zone and stately buildings.
And although property prices are very high, it is still possible to find properties with diverse characteristics to suit any investor’s budget. There is a large offer, allowing you to find apartments starting at a price of 200,000 euros and leading up to 10 million euros.
Related article: Madrid’s Unknown Residential Neighbourhoods
Madrid is a city of opportunities, and you can always find different types of housing here. For example, there are new constructions, but you will also be able to find older homes that are still in need of remodelling or apartments that have just been remodelled.
Other options are luxury apartments, more affordable apartments with easy access, small apartments with only one bedroom or larger properties with 2, 3 or more bedrooms. Depending on what you are interested in and what your budget is, there are plenty of options to choose from.
Another interesting piece of information is that financing possibilities have changed, and now is one of the best moments to profit from cheaper financial products, that can be granted in simpler ways than they used to.
Without diving too deep into the subject, the Euribor (Euro Interbank Offered Rate), a reference rate used to calculate interest on mortgages, has been low for quite some time now, and no considerable increases have been foreseen for the near future.
There is always a certain demand for rental apartments in Madrid, and all the numbers suggest that that demand will not change any time soon. As a matter of fact, to meet housing demands, many property owners have made their property available for tenants in the last couple of years.
What are other benefits of living in the district of Salamanca?