It seems complicated if the goal is to buy new and cheap housing in Madrid capital. There are only 3.000 new homes for sale. Of which, only 300 units cost less than 150.000 euros, according to data from Valuation Company published in El Confidencial
And this is a price increase in the absence of product. In case it was little, joins that some of the developments in Madrid are in the courts as is the case of the Southeast. The Cañaveral is the only one that has not been affected by the ruling of the Supreme Court of 2012. And it has the latest large finalist floor bag available in the south of Madrid.
The pressure of demand on prices has not been expected. In addition, in El Ensanche de Vallecas, fully consolidated, there are few plots for sale.
Prices in El Cañaveral
El price of housing an 50% has been increased from 2015, according to data from Foro Consultores. And even in the last year, the rise has been 25%. The price of the square meter has passed only in twelve months from 1.450 to 1.800 euros. In this way, a house that in 2015 cost a little less than 140.000 euros, currently moves around 215.000 euros.
You can read the full report of Elena Sanz en The confidential. With data from Contact Us and the participation of Laura Sampedro, Director of Research and Ratings. For Sampedro, "the big problem is that outside El Cañaveral, there is nothing else."
Considers that the only affordable housing in Madrid capital are concentrated in this area. Where, in addition, the strong demand is causing strong upward price tensions. And the land prices, together with the strong increase that the construction costs are experiencing, have been transferred to the final price of the house.