For some time now, the real estate market in Spain, and more specifically in large cities such as Madrid, has been significantly reactivated.
The report of the Real Estate Market’s Trend in Europe 2018 made by PwC confirms this. This report measures the 31 most attractive European cities to invest and places the Spanish capital in 5th position in the table.
Investment in the real estate market: The profile of the buyer
Since 2015, the residential market continues consolidating, and the number of purchase transactions is growing.
The acquisition of properties as an investment is gaining more and more weight, due to the high profitability offered by this type of product.
Within the purchase transactions of real estate, we can differentiate two types of operations.
On the one hand, there are the operations that seek to acquire a property, reform it and put it back to the real estate market in a short period of time, obtaining greater profitability.
On the other hand, there are foreign investors who want to acquire a second home, at the same time they can rent it in the periods in which they are not enjoying it.
Ivory Escapes and the real estate market in Madrid
From Ivory Escapes we contribute with this recovery of the real estate market in Madrid, and we have a spectacular penthouse for sale located in the well known Velázquez Street.
It is a very attractive option for both, investors and private clients. We can assure that there are few propeties as special and unique as this one in the real estate market of Madrid.
Penthouse for sale in the Barrio Salamanca
It is a modern design penthouse located on the 8th floor of a building located on the famous Velázquez Street. The sale price is €950,000
The total reform of this penthouse has resulted in a spectacular and luminous property.
One of the elements that stand out as soon as you enter this unique penthouse is its ‘convertible’ terrace. This allows you to enjoy a well-tended garden when it is open, or to enojy it while its raining outside by closing the glass roof.
Thanks to a sophisticated electrical system, the glass roof can be opened or closed according to the occasion.
The social area is completely open, and has 3 distinct areas.
The living room is dominated by a modern fireplace that gives it a sophisticated and cozy atmosphere.
The ample dining room has a large table with capacity to comfortably gather 10 people.
And to cmplete this area there is an American-style kitchen, which is fully equipped to the last detail. In addition, it has a bar that separates it from the lounge and dining area.
The private area has 2 bedrooms and 2 bathrooms
The master bedroom has en suite bathroom, and a generous dressing room.
The second bedroom works as an office, although it could be converted into a guest bedroom. Finally, the second bathroom (which also has a shower) is located in the corridor.
In conclusion, this penthouse it is really special. It has a modern decoration, with pieces carefully selected, a very sophisticated lighting project that allows creating different environments, a cooling system with water vapor in the terrace area… And endless details that make it a unique home.
If you want further information on this luxury penthouse, do not hesitate to contact us by sending an email to [email protected]
We will be happy to assist you.
This post is also available in: Spanish