Next Neighbourhoods: Mahou-Calderón, Madrid, Spain
Carlos Zamora, Head of Residential at Knight Frank Madrid, explains why Mahou-Calderón, situated by the Manzanares river with an abundance of historical monuments, leisure and cultural facilities, is a great neighbourhood
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Why is it up and coming?
This is a major development located in one of the most sought-after sites in Madrid, a former industrial sector alongside the Manzanares river, right next to the green corridor created by the vast Madrid Río project.
My favourite bits
It’s a short walk to El Rastro, Madrid’s famous flea market, where you can dig out hidden treasures on a Sunday morning. The terraces, bars and restaurants in the La Latina area are also great for whiling away sunny weekends. Don’t miss a pincho of tortilla from Juana la Loca, widely considered the city's best, or tapas at the San Fernando food market.
Who’s buying?
Mahou-Calderón is likely to be a target for local buyers, especially young families with medium to high incomes, attracted by its location within the M30 ring road and its many green areas and leisure amenities.
What will my money buy me?
The average price ranges between €6,000 and €7,000 per sq m. With a budget of €1 million, you could afford a two-bedroom penthouse with terrace and views.