That a fact is universal necessarily implies that it is not newsworthy. And in Madrid, the increase in housing prices has long since become widespread and commonplace. In just one year, the increase has been 22.7%, and the square meter, according to the Evolution of the price of housing for sale in Madrid published by Idealista, is already around 5,321 euros. But among so much upturn, there is a data of relative stagnation: Barajas. The airport district is the only one in the whole city where housing became cheaper in March.
With an average price per square meter of 4,070 euros -more than a thousand below the average-, Barajas is an exception. It is not the cheapest in the capital (that place is occupied by Villaverde with 2,294 €/m² and Puente de Vallecas with 2,648 €/m²), but it is the only one that falls in the monthly comparison. This is according to the latest market report for March published by Idealista. And what makes this decline even rarer is the other thing: Barajas is also one of the three districts with the most public investment in all of Madrid.
Public investment in the district of Barajas
According to the City Council’s Open Budgets, the district will receive throughout this legislature 42.7 million euros in investments, only behind Latina (151,072,835 €) and Villa de Vallecas (45,028,961 €). And we are not talking about minor reforms: only the adequacy of the Valdebebas wastewater treatment plant takes more than 21 million. And in the middle, about two million more destined to rehabilitate the El Capricho Museum, that neoclassical garden that only opens on weekends.
So yes, Barajas is full of works, of heavy machinery, of budgets that double and triple those of other neighborhoods -Chamberí is the neighborhood with the lowest budget: just 1.3 million euros. But housing prices are going in the opposite direction. At least in the monthly variation. And as far as sales are concerned. The price of housing in Barajas has risen with respect to last year by 14.7%.