Purchasing a Property in Madrid

Donna Haller April 6, 2016 Comments Off on Purchasing a Property in Madrid
Purchasing a Property in Madrid

We include here short descriptions of the residential areas most popular with expatriates in Madrid. No areas are exclusively for expatriates; there always being a good mix with Spanish people, however there are concentrations of certain nationalities around the various international schools. For more information about relocating to Spain, visit Valuvillas.com.

 La Moralejais a large residential area about ten minutes’ drive from the north side of Madrid with independent (free-standing) houses on large plots of land (minimum plot 2,500m2 going up to plots of 10,000m2). There is not a wide choice of property for rent here.

El Soto de la Moraleja adjoins La Moraleja. Here the properties are mainly town houses (terraced houses) with small individual gardens and a communal pool and garden. There are also low rise apartment blocks with a communal pool and garden and sometimes tennis. There are a few independent houses in this area. Availability is usually reasonable.

Encinar de los Reyes adjoins the two areas mentioned above. Once used by the now dismantled American air base; the properties are being refurbished and rented out. Each unit has four apartments; two on an upper level and two on the ground floor, all with gardens, and a communal pool for every 80 units.

Shops 

Several shopping centres and hypermarkets

Multi-screen cinema

Garden cent

Schools          

Several large Spanish schools

French primary school

BritishSchool

InternationalCollege

Jewish College

Transport      

Taxis

Buses to Plaza Castilla where there are bus and metro connections to other parts of the city

A car is very useful and in some cases necessar

Restaurants   

Each shopping area has restaurants and snack bars

Parks  

Although the area is green, there are no local parks

Clubs  

Private golf club

Tennis club

Horse riding school

 

Mirasierra is a relatively small area on the north side of Madrid, with houses and apartments for rent. Apartments generally have communal gardens and pools, and in some cases tennis. The availability of apartments is fair, although apartments are rather scarce.

Amenities

Easy access to airport

Several shopping areas

Just outside Mirasierra there is a large shopping mall with supermarkets, restaurants, bowling alley and cinemas

Schools          

Large Spanish school, no international schools

Transport      

Taxis

Buses; Good service to various destinations in the city

Metro nearby

Clubs  

Small tennis club

Fitness centre

Arturo Soria is a tree-lined avenue on the north-east side of Madrid with mainly residential property, including high and low rise blocks, terraced houses and a few individual houses. Most apartments have gardens and pools. It has good public transport and although it is about a 10 minute drive to the airport, there is no overhead noise from planes.

ParqueConde de Orgaz a Residential area off Arturo Soria with large individual houses, terraced houses and apartment blocks. Public transport within this area is non-existent;neither do taxis circulate freely, although they can be requested by phone. Property can be found in both these areas with patience

Arturo Soria and ParqueConde de Orgaz share the following amenities:

Easy access to airport

Small shopping mall with supermarket and banks nearby

Schools          

French Lycee

Several large Spanish schools

British primary school

Dutch school

Transport      

Taxis readily available in Arturo Soria area, taxi rank in entrance to ParqueConde de Orgaz or can be ordered by phone.

Good bus service along Arturo Soria. Non-existent in ParqueConde de Orgaz

Metro stations in Arturo Soria, near French Lycée and another currently under construction in the area

Restaurants   

Several restaurants in the area

Parks  

Juan Carlos I park with fountains, an artificial lake and a large open air auditorium located about 5 minutes away by car.

Clubs  

ParqueConde de Orgazhas a tennis club for residents

Local gymnasiums

Santo Domingo, Ciudalcampo, Fuente Del Fresno

Housing developments about 15 minutes’ car journey from the northern edge of Madrid. Properties mainly comprise free-standing houses with a few town houses (terraced houses) in Ciudalcampo. Rental prices of detached houses are considerably lower than in La Moraleja. School buses collect and deliver children to these areas and parents often form car pools. Property is freely available in Santo Domingo and Ciudalcampo, although it is harder to find in Fuentedel Fresno.

Shops 

There are shopping centres in Fuentedel Fresno and Santo Domingo

Residents of Ciudalcampo use the Santo Domingo shopping centre

Schools          

Large Spanish school in Ciudalcampo

Transport      

Infrequent buses go to Plaza Castilla where there are good bus and metro connections to other areas of the city

Restaurants   

German restaurant in Santo Domingo

Parks  

Although the area is green, there are no local parks

Clubs  

Ciudalcampo has a large golf course (RACE), with tennis and horse riding

Santo Domingo has an outdoor swimming pool for residents (although the majority of properties have their own pool), as well as tennis and football facilities

Fuentedel Fresno has its own club for residents with tennis, outdoor pool and horse riding.

Soto de Viñuelas is a small established residential area on the boundary of Tres Cantos, which is a new town 20 minutes’ drive north of Madrid. Property comprises both town (terraced)housesand independent houses. Soto de Viñuelas itself has very few amenities and it is necessary to have a car to get to Tres Cantos, where all usual town amenities are available.

Shops 

Large variety of shops and hypermarket in Tres Cantos

Schools          

King’s College (British school)

Transport      

Train station in Tres Cantos

Leisure installations 

Sports centres and swimming pool in Tres Cantos

Somosaguas and Húmera

These areas, on the west side of Madrid, are very near the AmericanSchool and therefore are very popular with Americans. Property is mostly comprised of free-standing houses with own pools. A car is essential.

Somosaguas is divided into three very distinct areas: Zone A and SomsoaguasNorte, which have large independent houses set in spacious grounds, and Somosaguas Centro, a development with a mixture of town houses and smaller independent houses, all with small gardens.

Shops 

Several shopping malls and hypermarkets nearby, but few shops within walking distance

Schools          

Spanish schools

The AmericanSchool of Madrid

BritishCouncilSchool

EnglishMontessoriSchool

FrenchSchool

Transport      

Bus service is adequate

Taxis do not circulate freely in these areas but can be ordered by phone

Train station with frequent services into the centre of the city

Restaurants   

Wide choice

Parks  

Casa de Campo which houses Madrid’s zoo and fun fair “Parque de Atracciones” and a large boating lak

Clubs  

Golf clubs

Horse riding

Pozuelo

Pozuelo itself is a village on the west side of Madrid, surrounded by new residential developments. It has all the amenities of a small town, including trains and a good bus service. Property is mainly town houses in a fairly urban environment.

purchasing

Other developments on the West Side of Madrid

Include the housing developments of Monteclaro, Montealina, Monteprincipe, Pinar delPlantillo and several others. They are farther to the west of Madrid than Somosaguas and Húmera.

Property comprises town houses and free-standing houses, and these are more reasonably-priced than the Somosaguas area.

Shops 

Local shopping centres and easy reach by car to large hypermarkets

 

Transport      

New M-40 motorway has eased traffic considerably in this area

Bus service is adequate

 

Schools          

The same as for Somosaguas and Húmera

 

Clubs  

Golf Clubs

Fitness centres

Las Rozas and Majadahonda

Just off the main La Coruña highway about 15 minutes’ drive from the western edge of Madrid. Very reasonably-priced property; apartments and town houses

 

Shops 

Shopping malls with cinemas and hypermarkets

Schools          

Mainly Spanish schools

 

Transport      

Train service good

Bus service good

 

Restaurants

Good choice

 

Central Madrid

Property is mostly apartments: Many apartments or blocks of flats have no underground parking, although parking spaces can often be rented nearby. Only a very few apartment blocks in the centre have swimming pools.

Good choice of property available. Most elegant areas are Chamberí, El Viso, Salamanca and Retiro

Shops 

Reasonable in most areas, although one has to go to the outskirts of the city for large supermarkets or hypermarkets

Schools          

Most international schools have now moved out of the centre of town, but provide a bus service

Transport      

Metro, bus and taxi good

Restaurants   

Excellent choice in abundance; Spanish regional and international

Parks  

The Retiro Park; the neighbourhoods of Retiro and Salamanca border on this park

Clubs  

Squash clubs, fitness centres and gymnasium

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