The luxury real estate market in Madrid has just reached a new milestone that consolidates the Spanish capital as one of the preferred investment destinations for large international assets. According to Expansión newspaper, an unprecedented transaction has been closed: the sale of a property in the exclusive Canalejas complex at a record price of 33,000 euros per square metre. This transaction is the most expensive ever recorded in the city.
These types of transactions are a reflection of the sustained boom in the prime segment of the residential sector in Madrid, where demand for unique properties and premium locations not only remains strong, but continues to grow. In a global context of the search for safe and highly profitable assets, Madrid has positioned itself as a stable and attractive alternative to other European capitals such as Paris, London and Munich.
Canalejas: luxury, history and exclusivity right in the centre of Madrid
Located in the heart of the city, the Canalejas complex is one of the most emblematic developments on the Madrid real estate scene. Comprising high-end homes, a five-star hotel and a luxury shopping mall, Canalejas has redefined the concept of a high-end urban residence. This unique enclave combines architectural heritage, exclusive services and a strategic location just a few metres from Puerta del Sol and the Art Triangle.
The property that has achieved the record price is located within this complex and represents the property profile sought by large international fortunes: exquisite design, privacy, integrated services and an unrepeatable location.
A booming market
The transaction comes at a key moment for the sector. At the start of the summer, the prices of luxury properties in Madrid are experiencing a strong revaluation, driven by a limited supply and an increasing national and international demand. In recent years, Madrid has climbed the rankings of cities preferred by buyers with high purchasing power, thanks to its quality of life, legal stability, climate and international connectivity.
At aProperties we are closely observing this trend, which is also evident in other prime areas such as Barrio de Salamanca, Chamberí, Justicia and El Viso. The profile of the luxury buyer has diversified and more and more foreign investors see Madrid as an excellent opportunity to diversify their assets.
Expert advice for high value investments
At aProperties, we are specialists in the high-end real estate market and have a team of experts in exclusive transactions. If you are considering investing in a unique property in Madrid, or if you wish to sell your property in the luxury segment, we offer you a comprehensive, discreet and personalised service.
Madrid continues to break records, and this new landmark in the Canalejas complex confirms what we already know: the Spanish capital is more fashionable than ever among those seeking excellence, exclusivity and long-term value.