It has become one of the most profitable districts in Madrid. It has still affordable prices, it is inside the M-30 and, in addition, it has many interested in living rent in the area. These arguments make Tetuán one of the most attractive areas.
In addition, it is possible to buy new housing from 145.000 euros and below 400.000 euros. Yes, in small promotions where there is no space for pool or gardens. According to the gross rental income, is located at 4,3%, the highest in the entire center of Madrid
The cranes have returned to the neighborhood
According to data from Foro Consultores, there are currently more than a dozen promotions underway that add 250 new homes. The vast majority are projects of a very small size and with an average price of 248.000 euros.
In addition, only two stand out for their size. Jardines de Tetuán and Jardines de Cuatro Caminos, of 64 and 94 units, respectively. «The projects in progress are very small promotions. Without common areas and with affordable prices«, Explains El Confidencial Pablo Presa, director of the Research and Evaluation department of Foro Consultores. "Everyone is helping to regenerate the neighborhood and most of it is built on very small lots belonging to old houses."
All the information about this district of Madrid, you can read it in the report of Elena Sanz in El Confidencial, with the participation of Pablo Presa, Contact Us, among other experts in the sector.