Area Guide

Madrid City

Life in a European cultural enclave

The inhabitants of Madrid are proud of their city and there is much to be proud of, something you will discover if you decide to go looking for a property for sale in Madrid. Gran Via is a large road crossing the city and it is full of cars all hours of the day, like a pulsating artery that never stops. Even at 4 am it is full of people looking for a café or a bar to make a last stop before bedtime. On December 31st thousands of people meet in Plaza del Sol in central Madrid to count down to midnight. And of course, it is only in Madrid you can have a meal in the world’s oldest restaurant, Botín.

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There are many excellent reasons why you ought to go looking for a property for sale in Madrid and make the city your home. One reason is of course the nightlife. Madrid offers a great night life, regardless of if you are looking for just a beer and a few tapas in La Latina or Plaza Santa Ana or if you wish to explore the HBTQ-scene in Cheueca or if you prefer to dance in clubs such as Kapital or Joy Eslava. Madrid is known for its nightlife and is heaven for someone who wants to enjoy every nightly minute. To this we need to add all the cultural entertainment that are on offer; concerts, opera, theatre, and cinema as well as a varied gastronomic scene including 20 restaurants with Michelin stars. And if this wasn’t enough, this is the place were we can find some of the most famous museums in the world, like Museo del Prado, Reina Sofia – museum and the Thyssen-Bornemisza as well as impressive collections from different royal families in House of Austria (Plaza Mayor, Plaza de Santa Cruz) and Bourbon House (Royal Palace, Puerta de Alcalá, Fuente de Cibeles). Should culture and history not really be your thing there is always football, perhaps Real Madrid Club de Fútbol sounds familiar?

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Many of the international buyers deciding to go looking for a property for sale in Madrid do so because of all the various activities on offer in the city. Buyers who look for a property for sale in central Madrid instead of looking on the outskirts will have to pay a premium but will also receive a higher return on investment due to the excellent rental opportunities. Madrid is one of the cities where the laws against short term lets have been very relaxed resulting in a booming buy to let market. Long term this may prove to be a problem especially to more socially disadvantaged groups. But if you are an international buyer looking for a property in Madrid as an investment this is an exceptionally good time; although the prices have recovered since the financial crises in 2008, the rental market is very robust. Those who are interested in looking for a property for sale in Madrid but have a smaller budget may want to look on the outskirts of Madrid where you can find properties in all price brackets.

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