Business · Companies · 22 hrs ago
Madrid luxury buildings add shared amenities beyond swimming pools
In Madrid’s luxury apartment buildings, swimming pools are no longer the main attraction, and some projects are leaving them out.
Developers are adding shared facilities such as gyms, yoga rooms, private dining spaces, wine cellars and rooftop bars.
Buyers increasingly expect these amenities, with property advisers saying demand has grown in recent years, particularly among international buyers.
They disagree on how many buyers are foreign: one says 90%, while another estimates an even split between international and Spanish buyers.
These facilities can mean fewer apartments but more expensive homes, because they take up space that could otherwise be used for housing and can raise the price per square metre.
Shared amenities are becoming standard in high-end projects, including some buildings below the ultraluxury tier, as developers compete for buyers.
Luxury residential buildings in Madrid increasingly offer shared amenities beyond swimming pools.
Pools are now treated as standard features or are sometimes omitted to make room for other services.
The trend has been driven mainly by Latin American buyers and, to a lesser extent, by US buyers, according to a Knight Frank consultant.
Developers say amenities can improve sales prospects and support higher prices, while adding them can mean fewer apartments.
Offerings now include wine cellars, cocktail bars, private dining rooms, yoga or Pilates rooms and rooftop solariums.
- Who
- Developers of high-end buildings and buyers seeking luxury homes in Madrid.
- What
- Luxury buildings are adding shared amenities beyond swimming pools.
- When
- The trend has developed in recent years.
- Where
- Madrid, Spain.
- Why
- Developers say amenities meet buyer expectations and can improve sales prospects and prices.
This story does not have two clearly opposing sides.
The trend for more shared amenities arrived mainly with Latin American buyers and, to a lesser extent, US buyers.
Developers offered indoor pools and gyms with several machines.
These features have become standard, and developers are adding more varied shared spaces.
- Buyer profile
- Pérez estimates buyers are 50% international and 50% national.
- Buyer profile
- González says 90% of buyers of this type of property are foreigners.
- Price level
- Some Madrid projects reach €20,000 per square metre, with certain projects at €30,000.
- Amenities
- Examples include wine cellars, cocktail bars, private dining rooms and yoga or Pilates rooms.
What people are saying
buyers demand the same amenities they have in their countries