Homes for sale near the district of Salamanca

Flats for sale in Barrio de Salamanca

Looking for flats for sale in the Salamanca district of Madrid? The Salamanca district is undoubtedly the most exclusive and elegant district to reside in the city of Madrid. Its ample, tree-lined avenues, well-kept buildings and the upscale shops that line its streets make it the most sought-after neighbourhood for high net worth individuals and real estate investors. Consequently, finding luxury flats for sale in this area is becoming increasingly difficult and expensive. Bordered by Serrano, Alcalá and Francisco Silvela streets, the Salamanca district occupies approximately 250 hectares and is considered Madrid’s highest quality residential quarter. Set around historical monuments such as Puerta de Alcalá, or major sites such as Retiro Park, the city’s green lung, this district is the leading destination for people in search of luxury flats for sale in a quiet yet central location. The homes here boast spacious rooms, lofty ceilings, mouldings and stately vestibules. It is an area that has managed to embrace modernity without losing its charm and classical architecture. Here, you can find luxury flats for sale and stunning luxury penthouses.

History of Barrio de Salamanca

The Salamanca district was built in the mid-19th century by the Marquis of Salamanca, a Spanish banker and politician. The neighbourhood was designed from the beginning as a luxury residential quarter for the aristocracy and upper bourgeoisie of Madrid. Inspired by the most elegant quarters of London and Paris, a neighbourhood with perfectly straight streets was designed with broad main streets for the more stately mansions and narrower side streets for more modest constructions. The buildings were erected in the neoclassical style, which was fashionable at the time. This design enables us to find amazing luxury flats for sale throughout the district.

At first, the Marquis of Salamanca found it challenging to convince the families of the upper bourgeoisie and aristocracy to leave their palaces in the city centre and move to his new neighbourhood. They preferred the security of living within the old walled quarter, which ended at what is now Paseo de la Castellana. The project was not a great success, and it is even said that it was one of the reasons that led to the bankruptcy of the Marquis of Salamanca. Over time, Barrio de Salamanca became the most desirable neighbourhood in Madrid for people with high purchasing power, which complicated the task of finding flats for sale in this area. And so it remains to this day. Indeed, it is still difficult to find flats for sale in Barrio de Salamanca. However, at Promora, we have an outstanding selection of the best luxury flats in Barrio de Salamanca waiting for you.

What areas make up Barrio de Salamanca?

Barrio de Salamanca is divided into 6 different areas: Castellana, Recoletos, Goya, Lista, Guindalera and Fuente del Berro. You can find luxury flats for sale in these areas on our website.

Castellana, Recoletos, Goya and Lista are the most luxurious and expensive areas. Finding a flat for sale in Barrio de Salamanca is more difficult on these streets unless you are willing to pay a high price. They are in the heart of the district, within the grid structure of straight streets planned by the Marquis of Salamanca. Here, you will find neoclassical and stately buildings, grand tree-lined avenues, and the most prestigious luxury boutiques.

La Guindanlera and Fuente del Berro are more modern areas, developed in the 20th century, and are more modest and less exclusive. The buildings are more modern but less elegant. At Promora, we have luxury flats for sale in Madrid’s Barrio de Salamanca, just waiting to be your new home.

The most exclusive streets in Barrio de Salamanca

The most luxurious streets in Barrio de Salamanca are Serrano Street, Goya Street, Velázquez Street, Claudio Coello Street, Jorge Juan Street, Ayala Street and Juan Bravo Street.

Serrano Street: The most sought-after street in Barrio de Salamanca, where luxury flats for sale command the highest prices. It is a grand tree-lined avenue where Madrid’s most exclusive boutiques and stately buildings are concentrated.

Goya Street: Goya Street is more commercial and contains most of the district’s shops and restaurants.

Velázquez Street: This is the other main avenue in the neighbourhood. It has many stately buildings and quality shops.

Claudio Coello Street: The most residential street with some small shops.

Jorge Juan Street: A wide, tree-lined street that is becoming the Golden Mile as far as dining is concerned. It is home to many quality restaurants and outdoor cafés

Ayala Street:One of the most exclusive streets in Madrid, full of luxury shops and hotels. Here, you will find our real estate agency that caters to the centre of Madrid.

Juan Bravo Street:This street stands out for being divided down the middle by a broad tree-lined promenade. It is noted for its bars and cafés.

No matter which street you prefer, if you are looking for luxury flats for sale in Barrio de Salamanca, we are confident we can find the one that’s perfect for you.

What is the price per square metre in Barrio de Salamanca?

The average price per square metre in Barrio de Salamanca is 7,800 euros. However, the price can vary greatly depending on the area, the age of the building, and the type of property. For example, some fully refurbished penthouses in the most emblematic streets can fetch up to 19,000 €/m2. Whereas, in the more peripheral streets, the price can drop to as low as 5,000 euros.

These differences are extremely important when deciding where to look for luxury flats for sale in Madrid’s Barrio de Salamanca, if that is where you want to live.

What type of homes can you find in Barrio de Salamanca?

The types of properties for sale in Barrio de Salamanca are mainly luxury flats and penthouses. Naturally, most of the properties are flats, as there are at most one or two penthouses in each building, and they tend to be in high demand.

The most luxurious homes are located in stately buildings with large doorways and interior courtyards. Here, you can find luxury flats for sale with lofty ceilings with a floor plan that easily exceeds 200 square metres.

It is also an area where smaller flats can be found. As a result of the division of large flats, new buildings, and the conversion of former caretaker flats, there are many one-bedroom flats that are no larger than 50 square metres. These apartments are among the preferred homes for investors looking for luxury flats for sale due to their high return on investment.

If you are looking for an exceptionally safe and quiet area with an excellent quality of life, you should consider luxury flats for sale in Madrid’s Barrio de Salamanca. It is the ideal place to live in elegant surroundings without being too far from the historic centre of Madrid.