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Real Estate Boom in the Bernabeu Area: 6% Increase in Property Prices

In recent times, the Santiago Bernabéu area has experienced an impressive boom in the revaluation of its properties, consolidating itself as an epicenter of the Madrid real estate market. According to data provided by Feixu Perez, commercial director of the renowned real estate company ROAN, sales prices have experienced a remarkable 6% increase, while rental costs have registered an astonishing 11% increase in the last year. 

 

This phenomenon, far from being fortuitous, is rooted in several factors that converge in this coveted enclave of Madrid. One of the key elements in this exponential growth is the area's privileged location. The proximity to events and business centers has turned Azca-Bernabéu into a magnet for those looking for the perfect combination of entertainment and job opportunities. 

 

This attraction is not only limited to business, as the serenity that characterizes this neighborhood consolidates it as a residential area in the heart of the Spanish capital. The profile of the average client in this thriving real estate sector represents a specific demographic: families whose older members are between the ages of 45 and 55. Mostly affluent, these individuals have opted to sell properties on the outskirts or in less central neighborhoods in order to enjoy the amenities that the Bernabéu area has to offer. 

 

Although the prices of homes in this area may seem significantly high, with an average rent of €2500 for 2-bedroom, 100 square meter apartments, it is crucial to note that most of these properties are in their original state, without renovations, and are mostly sold by inheritance. This trend has been supported by the latest real estate report, which suggests that demand is focused on properties with great potential for refurbishment and modernization. 

 

As a result, the Santiago Bernabéu area has emerged as a real estate epicenter in Madrid, attracting a select public in search of a unique combination of convenience, proximity to commercial activities and residential tranquility. Despite concerns about noise and increased traffic, the main challenge facing this thriving neighborhood is the uncertainty generated by cases of squatting, a phenomenon that raises fears and limits the supply of properties, thus driving up prices in this coveted enclave of the Spanish capital.