They call the surroundings of the new Santiago Bernabu the Real Madrid district because the stadium has reformed life around it. You just have to look at how housing prices have evolved. In February, The Pass published a Fotocasa report that announced a 46% increase in rent in the area. Now, another study by the real estate consultancy Gloval points out a 57% increase in housing supply in the places closest to the Bernabu.
One of the hypotheses that try to explain the migration of neighbors is the acoustic noise produced by the megaconciertos that houses the stadium. In just one month, the Bernabu has been the stage for Taylor Swift (twice) and Duki, in addition to other artists. The singer Luis Miguel will give two concerts in July. Are the decibels the reason for the migration of neighbors and the rise in prices?
Segn explains the The confidential Jos Ramn Menndez, director of Gloval Analytics, A direct connection cannot yet be established between noise pollution potential derived from the additional events organized at the Santiago Bernabu stadium and the market values recorded in the area.
Gloval’s study establishes two ringed zones around the Bernabu, the first being the closest to the stadium, and the third being the furthest away. In the first, housing for sale has increased by 57%, and in the second by 22%. In other words, the number of owners who want to sell their house, near the Bernabu, has increased considerably in the last year. In both areas the number of tourist rental apartments. In Zone 1, 40%, and in the second, 19%.
Why do the neighbors leave?
Gloval does not relate noise to the increase in home sales. However, other sources in the sector explain to The world what noise pollution and road closures These may be some of the reasons for the migration of landowners, who are now involved in inter-neighborhood movements.
Among people who want or need to escape from the inconveniences that are occurring and seek more peace of mind with the same level of life and services, it may happen that bet on other similar neighborhoods without so many coexistence difficultiesor, that they move to other neighboring neighborhoods, Alan Hernndez, CEO of the Encuentro Real Estate Network, explains to El Mundo.
Other similar neighborhoods in the capital could benefit by attracting buyers with high purchasing power who are looking for quieter places, says the expert. For those who decide to stay in the neighborhood, It is mainly characterized by being an old residential environmentthe facades will need to be soundproofed, which can increase the value of the apartments by 5%.
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