A significant district of Madrid is the Barrio de Salamanca, just northeast of the Centro. Here, the cost of property is the highest in the capital, reflecting the wealth of its population. Serrano Street, which runs through the district, is reputed to have the most expensive hotels and retail outlets in Spain. Finest Hotels in Salamanca District are ICON Casona 1900 by Petit Palace, Heritage Madrid Hotel and VP Jardin de Recoletos.