New houses and developments in Madrid

Find 317 offers of all kinds of residences, community, houses, recently built apartments, on the plans or works carried out by national developers
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Discover the amenities of each urbanization where you can buy a new home and enjoy it.
Edificio Tomás Bretón
From 360 800 €
(4 422 - 5 749 €/m²)
8 properties for sale
Calle de Tomás Bretón & C. de Circón s/n Barrio Delicias, Madrid
Edificio Tomás Bretón
ElevatorGarden areasLandscaped areasCommunity terraceLounge / Community roomCommunity parkingBicycle storage room
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Santa Engracia 43
From 995 000 €
(7 425 €/m²)
Last property for sale Release date: 2022
Calle Santa Engracia, Madrid
Santa Engracia 43
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Vía Ágora Valdebebas
From 843 000 €
(5 140 €/m²)
Last property for sale Release date: 2022
Calle Josefina Aldecoa, Madrid
Vía Ágora Valdebebas
Swimming poolGarageElevatorGymVideo door entryPadel court+5
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Formigal 11
From 1 495 000 €
(4 308 - 4 409 €/m²)
Last property for sale Release date: 2023
Calle Formigal, Madrid
Formigal 11
SecurityStorage roomLandscaped areasGardenPrivate parking
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Novoveral VII
From 292 500 €
(3 078 - 4 377 €/m²)
13 properties for sale Release date: diciembre 2024
Calle Ilusión, Madrid
Novoveral VII
Swimming poolGarageElevatorSecurityPadel courtPlayground+4
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From 309 000 €
(4 006 - 4 381 €/m²)
3 properties for sale
Calle Padre Gregorio Céspedes, Madrid
Swimming poolElevatorJanitorStorage roomLandscaped areasCommunity parkingSolar energy
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Valentín Llaguno 32
From 280 000 €
(3 421 - 4 234 €/m²)
4 properties for sale
Calle Valentín Llaguno , Madrid
Valentín Llaguno 32
Swimming poolGarageElevatorSecurityStorage roomLandscaped areas+2
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Residencial Carabanchel 10
From 214 000 €
(3 373 - 3 738 €/m²)
5 properties for sale Release date: 2024
Avenida Carabanchel Alto, Madrid
Residencial Carabanchel 10
Swimming poolGarageElevatorGymSecurityElectric vehicle charging station+6
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Marqués de Salamanca 11
From 6 424 000 €
(15 044 - 30 161 €/m²)
Last property for sale Release date: 2022
Plaza Marqués de Salamanca , Madrid
Marqués de Salamanca 11
GarageElevatorGymSecuritySaunaIndoor pool
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Las Terrazas de Cañaveral
From 228 000 €
(3 211 - 3 347 €/m²)
15 properties for sale
Calle cerro del campo, Madrid
Las Terrazas de Cañaveral
GarageElevatorSecurityStorage roomLandscaped areas
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Valdebebas Urban
From 299 000 €
(2 946 - 5 918 €/m²)
15 properties for sale Release date: 2024
Calle Calle Gustavo Pérez Puig s/n, Madrid
Valdebebas Urban
Swimming poolGarageElevatorSecurityPadel courtPlayground+4
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Terrazas de Las Tablas I
From 634 100 €
(2 871 €/m²)
Last property for sale
C/ Cirauqui, Madrid
Terrazas de Las Tablas I
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Categories of properties in new construction developments
You can find all type of new-build properties according to your preferences with the developer's prices.

New developments in Madrid

The city of Madrid currently has more than 300 new development projects, including those already completed and those in progress. It is the city with the largest number of new homes in Spain, followed by Malaga and Barcelona. Prices for these types of properties in the country's capital vary widely, with the most affordable starting at €105,000 and the most expensive reaching €9,000,000.

The highest values per square meter can be found in the most popular and in-demand districts, such as Salamanca (over €6,000/m2), followed by Chamberí and Chamartín (both around €5,500/m2). These values become more affordable the further away from the city centre we go, with the lowest values found in the southern area of the city, such as Villaverde (€1,700/m2) and Puente de Vallecas (€1,900/m2).

Which districts have the main new development projects?

The district currently showing the strongest growth in these properties is Vicálvaro (50 new projects). It is followed by Hortaleza and Moncloa-Aravaca (both with around 30 new projects). Other areas with a significant volume of new developments are Chamberí, Fuencarral-El Pardo, Tetuán, and the Madrid-Río area.

What factors influence the price of new developments in Madrid?

Primarily, the cost per square meter (m²) of a new construction project in Madrid depends on the relationship between supply and demand. According to recent studies on the real estate market, demand is very high for new homes, but there aren't enough properties to meet it. This is mainly due to the scarcity of developable land.

Other factors that come into play include the cost of materials, which have increased considerably in recent years and continue to rise with the unstoppable increase in raw materials. Of course, general factors such as the location of the properties, their size, the materials used in construction, finishes, and common areas also play a role. Price also depends on the services and facilities offered by the property, as buyers mainly look for open spaces, especially gardens, pools, and terraces.

In addition, it's important to consider whether the property is independent or part of a community of neighbours. In the former case, both maintenance of the property and its facilities are solely the buyer's responsibility. Whereas, being part of a community of neighbours, maintenance of common services is a communal expense and therefore shared.

What is the situation of the new construction real estate market in Madrid?

In general, the price of this type of property in the Spanish capital has decreased in recent years, but seven districts were the exception: Vicálvaro, Centro, Chamberí, La Latina, Fuencarral-El Pardo, Chamartín, and Salamanca. The areas where prices have dropped the most are Moratalaz, Usera, and Moncloa-Aravaca.

Currently, the city of Madrid is growing in all directions and has new construction offerings in almost all of its peripheral districts, especially in the northwest, north, south, and the so-called Corredor del Henares. It's worth highlighting the urban development that's taking place in the so-called Southeast Strategy with El Cañaveral and its wide availability of properties. Thanks to this, the district of Vicálvaro is considered the new expansion zone of the municipality.

This is in addition to the ambitious Madrid Nuevo Norte project, which will take about 24 years to complete. All of this development will lead to a significant increase in the new construction real estate market in the coming years.

What is the importance of buying new build developments compared to second-hand properties in Madrid?

According to the report "New Build Buyer Profile in 2021" by Fotocasa, the main reason for investing in new build properties is the absence of renovation work needed. Close behind is the factor of energy efficiency, which is very relevant to current buyers as it implies long-term cost savings.

It's also worth considering that in recent years, the average buyer looks for properties that offer facilities and common areas that increase their quality of life. This is taken into consideration by developers when designing new properties. Therefore, it's not difficult to find developments that offer green areas, spaces to practice sports or swimming pools, which increases the value of these properties.

Where to buy new developments in Madrid?

The main new build projects in Madrid are focused on the metropolitan area of the capital. These include:

El Cañaveral.

This is one of the fastest-growing neighbourhoods with around 14,000 homes planned, and more than 6,000 have already been delivered. It has a total of 40 developments, concentrating the largest stock of new properties in the capital. The main attraction for buyers is that it has more affordable prices than other current projects, with a price per square meter ranging from €2,500 to €3,000.

The properties mainly consist of apartments, ground-floor apartments with gardens and penthouses. The majority of properties in multi-family buildings have 3 bedrooms and an approximate surface area of 120 square meters, with an average price of around €310,000. As for single-family houses, prices start from €425,000. The average profile of the buyer is young people between 25 and 40 years old, with or without a partner, looking to buy their first property in areas with green spaces.

Madrid Nuevo Norte.

This is colossal development, considered the largest urban project in Europe. It involves the creation of more than 3 million square meters in the north of the Chamartín district. A total of 10,500 homes will be built in an environment that will have 3 metro stations, a new commuter station, and an impressive central park of more than 10 hectares.

In this immense project, called "Operation Chamartín" and promoted by the Distrito Castellana Norte company, residential buildings are combined with offices and commercial properties. The first urban phase is planned to begin between 2023 and 2024, and the first homes to be delivered by 2026.

Behind these two major projects, the Valdebebas and San Chinarro areas have the most development activity. These are two districts in Madrid where new construction is highly sought after, as they prioritize urbanization with magnificent common areas.

All new developments in Madrid

Exclusive list of developments in Madrid as well as the names of selling agents and developers that carry the projects and basic statistics of prices for new construction developments
Developments Total objects City Median house price Average price per m² Sales agent
General Oráa 9 12 Madrid 4 450 000 € 11 930 € Olisson Club
Vía Ágora Valdebebas 67 Madrid 843 000 € 5 140 € Via Agora
Residencial Quintana 37 Madrid 339 200 € 4 833 € Residencial Quintana
Cooperativa Ceuta 23D Madrid 364 000 € 2 960 € AA4 REAL ESTATE
Residencial Dicenta Plaza 17 Madrid 375 000 € 4 111 € CYOPSA-SISOCIA, S. A.
Valentín Llaguno 32 17 Madrid 390 000 € 3 535 € Bru&Co
Formigal 11 16 Madrid 1 495 000 € 4 308 € Fides Gestión
Barbastre10 26 Madrid 371 898 € 3 608 € Serprocol
Terrazas de Las Tablas I Madrid 634 100 € 2 871 € Aelca
Aires de Vallecas 36 Madrid 515 500 € 3 536 € Amenabar
Edificio Tomás Bretón 20 Madrid 472 550 € 5 079 € Distrito natural
Valdebebas Urban 96 Madrid 586 000 € 4 378 € Prygesa
Residencial Carabanchel 10 Madrid 388 000 € 3 566 € Pryconsa
Altamirano 25 18 Madrid 1 106 500 € 8 051 € Engel & Völkers
Las Terrazas de Cañaveral 96 Madrid 306 000 € 3 266 € Oikos Inmobiliaria
Lambot 39 Madrid 317 500 € 4 116 € Aedas Homes
Novoveral VII 98 Madrid 364 500 € 3 281 € NOVOVERAL RESIDENCIAL
Santa Engracia 43 Madrid 995 000 € 7 425 € AKM
Carranza 15 11 Madrid 993 346 € 7 946 € Knight Frank
Marqués de Salamanca 11 16 Madrid 6 424 000 € 15 044 € Colliers
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