Renaissance of Cortes: The Resurgence of the Literary Quarter

Cortes – Las Letras, the ancient neighborhood of artists. Formerly, less elegant and less in demand than the traditional bourgeois neighborhoods. However, in the last ten years, its old buildings have been rehabilitated by investors. As proof of this, we were able to observe that, by the end of 2023, prices showed an upward trend of +8%, placing the price per square meter for luxury properties at €6,500/m2, and for premium properties at €8,000/m².

Known as the Literary Quarter, it is one of the most emblematic neighborhoods of Madrid. Located in the heart of the city, this picturesque neighborhood hosts a rich literary and cultural history. Its cobblestone streets, narrow and charming, have witnessed the passage of some of the most famous writers of Spanish literature, such as Cervantes, Lope de Vega, and Quevedo.

In this regard, we want to highlight the latest sale made by the BARNES Madrid team in Cortes, a property that meets all the characteristics demanded by clients interested in premium real estate, with a record price per m² of €11,500. This indicates that the Cortes neighborhood is increasingly gaining popularity among investors and individuals, and that it could become the "new trendy neighborhood" sooner than expected.

It is a property on the third floor of a historic building, which transports us to a time full of charm and elegance. With 203 m², this refined apartment with high ceilings, recently renovated by a prominent architecture firm, is a true modern treasure.

Comprising a bright living room with three balconies overlooking the street that flood the space with natural light. This living room has been strategically divided into different living and dining areas, providing a cozy and versatile atmosphere. The kitchen, perfectly integrated into the passage to the living room, is a dream come true. Completely paneled and designed in a belle époque style, it elegantly camouflages when not in use. A unique and sophisticated space to enjoy preparing delicious meals or intimate gatherings with friends and family.

This fabulous property was sold by our experts for a price of €2.350.000 €

If you are looking to sell your property or are in search of a new home, we encourage you to contact our team of advisors.