The housing prices have skyrocketed (once again) in Spain. After the bursting of the real estate bubble, the shortage of supply of homes for sale and the increase in demand have once again skyrocketed prices by 29% on average in the last decade. In 2014, To buy a floor It cost on average about 138,000 euros and now reaches 178,700 euros. And in Madrid capitalthis increase is even greater: 82% in the last 10 years.
The rentals They are not behind him. According to data from the real estate portal Photohousewhile in the country as a whole they cost 12.30 euros per square meter -about 984 euros per month for an 80m² apartment- in Madrid they are 18.33 euros per square meter -1,466 euros per month for a home of the same 80 m²-.
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In this situation, more and more people ‘forced’ to work in the capital but with difficulties paying those prices are looking for more affordable options around. And these options exist: there are nearby towns where rentals and home ownership they cost half or even less.
In this search for affordable housing options near Madrid, Ear Apiary highlights one of the cheapest towns to live in, according to a study by Idealista. Thus, if in Madrid the purchase prices reach 4,335 euros per square meter, here they are 875 euros. Furthermore, since December 2023, they have fallen 6.3%. One last advantage: it is well connected to Madrid, about 60 kilometers away, close to 45 minutes by car.. Bus service and proximity to the major road network make travel convenient, allowing residents to enjoy the tranquillity from the countryside without giving up the work and cultural opportunities of the city.
This town offers a quiet environment, away from the urban hustle and bustle, ideal for families and people looking for a slower pace of life. The community has basic necessary services such as supermarkets, schools and health.
Another nearby municipality with cheaper housing prices is Fuentidueña de Tajo, with an average of 827 euros per square meter for owned houses. This town is about 63 kilometers from Madrid and stands out for its tranquility and natural environment. Here, it is possible to find single-family homes from 40,000 euros.
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Chinchón and Tielmes They also present themselves as affordable options. Tielmes, in particular, with around 2,800 inhabitants, is also located less than an hour’s drive from Madrid, making it another viable alternative for those looking to save without moving too far from the capital.
