Buying Guide Details

Buying Property in Madrid

Property buyers will find Madrid is one of the cheaper major European capitals but by Spanish standards it is one of the most expensive areas. As with every capital, there are distinct districts within the city offering quite diverse lifestyles – it’s imperative to check out the character of an area before you buy.

With more and more overseas businesses opening up offices in Madrid, there is a rising number of expats seeking long-term rental property in Madrid. Investing in a property for sale in Madrid that is convenient for the commercial centre will provide good returns in rental income and capital growth. Chamberi and Retiro districts are popular for access to the business heart of the city.

For a property buyer looking to move permanently, the excellent public transport system makes it a very easy city to navigate. In addition, with an estimated 100,000 foreigners living there, Madrid has a host of language schools, clubs, foreign-language news-sheets, and English-speaking medical facilities for those still coming to terms with the Spanish language.

The city has much else to offer – museums, such and the world-famous Prado, shopping, parks and terrific nightlife. In its pulsating inner quarters and in its more sedate, residential suburbs, there is a wide range of property to suit all tastes, but not necessarily all budgets.

There's also a range of articles for you to read about buying property in Spain, as well as overseas news stories affecting the property market in Spain or view our range of property for sale in Madrid.

Some information contained within this buying may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and financial advise from a qualified professional.