Alcalá de Henares has become a great option for those looking for a place to live near Madrid.
The town of Alcalá, which offers both a rich cultural heritage and a remarkable quality of life, has all the necessary services to ensure residents' comfort: “Many people want to live in Alcalá because it has more affordable prices and is well connected.”
The most requested type of home by clients is “a new build home in a residential complex”. “There is no longer as much demand for chalets. People have changed their preferences and prefer to live in a residential complex. The most in-demand home is a new build single-family apartment with two or three bedrooms.”
Other aspects that clients consider when choosing a residence are that it has a garage, pool, or storage room and is located close to public transportation.
However, the main factor for purchasing a property is the price. In Alcalá, according to the cited sources, the average cost of a home is €200,000, while rent is €800 per month. That said, “it depends on many factors” such as location, floor level, size, or the age of the residence.
El Centro, El Ensanche, and La Garena, the most sought-after areas
Real estate agencies point out that “the Historic Center, El Ensanche, and La Garena are the most sought-after areas”, which makes them the most expensive districts in the city. According to a Fotocasa study, the average purchase price is €321,329, €306,180, and €290,641, respectively.
Renting is one of the major problems in Alcalá’s real estate market: “There is high demand for rentals, but more supply for sales. It is difficult to secure a lease contract,” they assert. This causes that, despite being a university city, students prefer alternative options to renting in Alcalá de Henares, such as moving to a dormitory or commuting from another city.