De los seis millones al cielo inmobiliario: así es el súper lujo en Madrid

Madrid remains a premium real estate hub, with prices for high-end properties soaring in the capital. According to the latest Savills report analyzing the prime market in 30 cities, prices in the capital rose by 2.4% in the first half of the year, far outpacing the global 0.6% increase. Madrid is part of a select group where the price per square meter exceeds 2% in the second half of the year, alongside cities like Barcelona and Lisbon.

Only Cape Town saw a higher increase, at 4%, according to the analysis. With these figures, Madrid reaffirms its dynamism in a complex international context marked by geopolitical uncertainty and economic moderation. Madrid's prime residential market aligns with Europe, with medium-priced homes ranging from 15,000 to 18,000 euros per square meter.

Savills forecasts an influx of new projects in key prime areas of the capital, with prices around 25,000 euros per square meter in the coming months. Yolanda Rueda, director of new residential work in Madrid at Savills, notes a clear trend towards higher price tickets, with an increasing number of luxury homes surpassing 6 million euros.

These super-luxury properties are typically three to five-bedroom homes with noble finishes, advanced domestic appliances, and private gardens, pools, security, and service areas. Ana White, director of Premium Properties at Knight Frank, emphasizes that a €6 million home is at the high-end of Madrid's prime residential market, but the total price alone does not define its category.

Factors such as size, building quality, uniqueness, and location are also crucial. Top-priced properties are often located in areas like Salamanca (especially Recoletos and Castellana), Jeronimos near the Retiro, and Almagro in Chamberia. El Viso in Chamartín is also notable for single-family homes in the city. Wealthy buyers, both national and international, including Latin Americans and North Americans, are drawn to Madrid for its appeal.

Many purchase these properties as second or third residences, but the motivation is changing. Some buy as a form of asset diversification, seeking a good home while also holding a portion of their wealth in Madrid. The supply of top-priced properties in Madrid remains limited, although the market is growing. Some of the best properties in this price range are not publicly announced to protect the privacy of owners and buyers.

Demand remains active, but buyers are analyzing every square meter, lengthening decision-making processes. The final stretch of the year is expected to see high liquidity with fewer total transactions, concentrating wealth in a few high-value operations.