Over the last decade, the population of Colmenar and Tres Cantos has increased by around 20% to reach over 55,000 and 51,000 inhabitants respectively.
Colmenar Viejo and Tres Cantos are 2 of the towns crossed by the M-607 road, which connects the city of Madrid to Navacerrada. Located to the north of the Spanish capital, these 2 municipalities have experienced a real explosion in real estate prices in recent years.
Indeed, Three Cantos is the 6th city with the highest housing prices in the entire Madrid region, behind Majadahonda and in front Boadilla del Montewhile Colmenar is in 14th position, behind Alcorcón and in front Coslada.
According to data from the National Institute of Statistics, the population of Colmenar Viejo increased by 17.6% over the last decade, to reach 55,198 people, and that of Very Songs increased by 22.8%, to reach 51,453 inhabitants.
In which of these 2 municipalities the price of housing increased the most in the last 12 months?
Colmenar Viejo
Currently, housing prices in Colmenar Viejo amount to €2,387 per m2 on average, an increase of 6.5% from one year to the next. In addition, they increased by 0.7% quarter-on-quarter, according to Brainsre data.
Concretely, buying an apartment or house in Colmenar Viejolocality located less than 40 km from the capital Madridcosts €480,104, the accommodations put up for sale having an average surface area of around 201m2.
However, at ColmenarTHE price of new housing amounts to €2,238 per m2, a decrease of 10.9% compared to the previous year and 1.3% compared to the previous quarter.
Regarding the marketing time, that is to say the period that a good real estate passes on the market from its listing until its transaction, it is 14 and a half months, or 185% more than a year ago and 29.9% more than during the previous quarter.
Three Cantos
Furthermore, housing prices in Tres Cantos, a municipality located less than 30 km from Madrid, reached €3,048 per m2, which represents an increase of 5.9% year-on-year and 3% quarter-on-quarter, according to data from the Brains Real Estate platform.
Concretely, the purchase of housing in this town represents an average expense of €514,879, with the houses or apartments for sale measuring nearly 169 m2.
Likewise, the price of new housing in Tres Cantos amounts to €3,614 per m2, up 8.3% year-on-year and 2.4% quarter-on-quarter.
Regarding the deadline for publication at Three Cantos, it is worth noting that it increased by 143.6% year-on-year, reaching 9.3 months. Furthermore, it increased by 12.6% quarter-on-quarter.
Housing for sale
HAS Colmenar Viejo52.9% of current housing supply are apartments, while 47.1% are houses. More precisely, 29.3% of the supply is made up 3 bedroom apartments, which cost on average €276,079 and have an area of 116 m2
Finally, at Tres Cantos, 78.3% of the offer is made up of apartments and 21.7% of houses. More precisely, 34.6% of the supply is made up of apartments 3 bedrooms, including the price is €471,196 and whose average surface area is 129 m2.
Source: Brainsre
