The area can Samartin of Madrid was never particularly economical to live in, however its renovation “Santiago Bernabeu” has brought explosive rise in house prices!
As reported by Spanish Media, after the start of work on Real Madrid’s stadium in 2019, prices in the area began to rise uncontrollably, reaching at 46%!
Indicatively, the square meter is now valued at 6,285 euros compared to 4,225 in 2016, while in a survey by El Pais, it is stated that of the 145 houses for rent that were checked, only eight were under 1,200 euros per month.
Two of them, located at 995, were 17 and 21 square meters respectively…
In addition, residents of the Hispanoamerica neighborhood where the “Bernabeu” is located are said to be worried about the many more events that will take place in the renovated stadium from now on.
“Whoever comes to stay here wants his peace. One or two matches a week is nothing, but now there will be events every day”the words of a big broker at Relevo…
The real estate ‘boom’ of the Bernabeu is here.
?? Se dispara el alquiler y 400 viviendas adjoinantes suran el millon de euros.
?? Segun un informe de @el_paisthe price of rentals in the area has increased by 46%.
?? @ManuAmor1 https://t.co/80Kie37Oyx
— Relevo (@relevo) February 26, 2024
Source: Sport Fm
I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
