housing in El Cañaveral
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The Cañaveral, a neighborhood with affordable housing

Housing in El Cañaveral. Although it is one of the neighborhoods with the most affordable housing in Madrid, the growing demand is causing the stock to begin to run out and with it the price increase.

Luis Corral, CEO of Foro Consultores, highlights the initial disadvantages and current advantages of those who bought first. What, in principle, was a disadvantage became an opportunity for these residents: "Being the first, they were able to buy 1.200 euros per square meter in the 2015 year. That is to say, for a two-bedroom dwelling it was based on costs from 150.000 euros».

Currently, prices are no longer so cheap. The square meter is now pay 2.100 euros, which translates into 240.000 euros for a two-room apartment, according to current data from Foro Consultores. "This means that, in four years, there has been a rise of 75%», Corral emphasizes.


8.000 homes for lifting

The Cañaveral will host 14.000 houses, of which 6.000 are already delivered or are being built. Their owners will have the keys in the coming months. This urban development is still attractive to buy cheap in Madrid, taking into account, in addition, that another of the large neighborhoods of new construction in Southeast, the Ensanche de Vallecas, it has practically exhausted the land to be built, since only 10% is available, according to Forum Consultores

To free housing promotions must be added those that have some type of protection: VPPB and VPPL. United with good communications with the rest of Madrid and provisions for the population of the area.

All the information about this development, you can read it in Your Housing and in elmundo.es

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