The Moncloa Palace, located in the Moncloa-Aravaca district, is part of a large complex of around twenty hectares and which houses an architectural ensemble of historical and political relevance. The main residence where the president and his family do their day to day has an area of 200 square meters and has a total of 8 bedrooms, 9 bathrooms, 3 dressing rooms and 8 living rooms. The total plot extends to 56,000 square meters, 33,000 of them built, and includes several green areas, tennis and paddle tennis courts, a swimming pool and even a heliport.
With this information, Casavo has estimated that the economic value of Moncloa would be around 125 million euros. To arrive at this figure, the average price of the area has mainly been studied, considering only the meters built on the plot. Based on the fact that the price per square meter of an asset in good condition in that territory is around 4,000 euros, the platform has also analyzed all the villas advertised there in the last year, obtaining an average unit value of 3,780 euros per square meter. Applying the corresponding negotiation margin to these prices and taking into account the specific characteristics of the property already mentioned, the real estate platform that connects sellers and buyers of houses concludes that 125 million would be an objective appraisal.
However, it is important to note that this figure does not take into account the additional value attributed to this property due to its status as an Asset of Cultural Interest. In addition, it also does not consider the other 12 buildings that are part of the complex, connected to each other by a system of underground tunnels.
La Moncloa is preparing to receive a new political leader without closing its doors to the current one either. The emblematic palace becomes once again the epicenter of the general elections, which will determine the course of Spain in the coming years. Beyond its economic value, this official residence symbolizes the history and political power of the country, having witnessed momentous decisions and transformations for decades that have left their mark on the destiny of the nation.
Now, with the elections just around the corner, the Moncloa acquires special relevance as it is the meeting point for the key decisions that will shape the economic and social future of Spain, and the place from where a new leader may have the opportunity to lead the country.
