In the Madrid town of Ciempozuelos, south of the Community of Madrid, it is possible to acquire a housing unit of 80 square meters for less than 100,000 euros. With a population of just over 25,000 inhabitants, Ciempozuelos offers housing prices much lower than those of the capital, Madrid.
On the Idealista portal, various options for affordable housing can be found in Ciempozuelos. For example, there are two 80 square meter properties under 100,000 euros: one for 87,400 euros and another for 95,000 euros. Additionally, there are other offers, such as one for 101,000 euros with two bedrooms and 84 square meters, and another with three bedrooms and 88 square meters.
According to data from the Bank of Spain, in Spain families need seven and a half years of gross salary to acquire a home, allocating more than 39% of their available gross annual income in the first year, which represents a considerable effort. This situation has led many people to consider moving to places where housing costs have not increased as much in recent years.
Ciempozuelos is part of a project of four homes, and the buildings are in halted construction, which offers options for customization. For example, one of the homes for sale for 87,400 euros is a 102 square meter apartment in the northern Old Town, with four bedrooms, a living room, an independent kitchen, and two bathrooms, although it lacks an elevator, and its state of conservation is not specified.
Regarding the property for 95,000 euros, it is a duplex apartment of 195 square meters located in the center of Ciempozuelos. The distribution includes a hall, living-dining room, kitchen, three bedrooms, two bathrooms, a distributor, and an office, making it an attractive option for those seeking larger dimensions at an affordable price.
The trend of seeking homes at more accessible prices has led to an increase in interest in the surrounding cities and towns of Madrid. Both the purchase and rental of properties in cities like Madrid and Barcelona have become challenging due to high costs, making places like Ciempozuelos an attractive alternative for many in search of their own home.