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The location:
Recoletos is a neighborhood belonging to the Salamanca District and is situated in the heart of Madrid. It is traditionally considered a distinguished and sophisticated area, admired by Madrileños and coveted by visitors and property buyers alike. It offers a charming aesthetic with its elegant buildings, tree-lined streets, and well-maintained sidewalks. Its exclusive atmosphere is reflected in its numerous cafes, restaurants, terraces, and boutiques of prestigious brands, attracting a select clientele.
Bounded to the north by Madrid's famous Golden Mile, formed by Ortega y Gasset and Serrano streets, to the east by Príncipe de Vergara street, to the south by Alcalá street, and to the west by Paseo de Recoletos and Castellana, Recoletos is home to iconic landmarks such as the Puerta de Alcalá, the main entrance to the Retiro Park, historic palaces, magnificent museums, important multinational corporate headquarters, and the main embassies based in Spain.
Recoletos is the epicenter of luxury housing investments in the city. Although the price per square meter of its properties is among the highest in the country, the fact that it is the most exclusive and safest area of Madrid, coupled with its potential for appreciation compared to other European capitals, makes properties here offer significant returns.
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