If you’re looking to move to a European capital city, then Madrid could be an excellent choice. Cheaper than the likes of Paris and Barcelona, but with arguably just as much culture, Madrid is a vibrant and exciting place to live.
History and culture
It should go without saying that as the capital of Spain, Madrid is packed full of history and culture. With ancient Egyptian architecture, brilliant art galleries, flamenco dancing and football, there’s something here for everyone.
There are plenty of events that run throughout the year, including the August fiestas – open-air street parties that take place throughout the whole month. The carnival takes over the city in February for five days, where revellers dress up in traditional costumes and join a parade, as well as other events all over the city.
One of the best aspects of living in Madrid is the abundance of green space. Almost every neighbourhood has its own park or community garden for the locals to enjoy.
Casa de Campo, El Retiro Park and Madrid Río are Madrid’s best-known parks, and each has something different to offer. Why not enjoy the boating lake in El Retiro or have a go on the amusements inside Casa de Campo? You may be surprised to know that Casa de Campo, Madrid’s largest park, is five times the size of New York’s Central Park!
Home to more than 8000 restaurants, including the oldest restaurant in the world, Madrid is a city that lives and breaths food.
From traditional delicacies, such as suckling pig and bocadillo de calamares (calamari sandwich) to tapas and Spanish tortilla, you will find everything and anything here.
For some of Madrid’s most authentic offerings, spend a lunchtime wandering around the San Miguel covered market. There you’ll find over 30 different vendors selling a wide variety of food and drinks for you to sample at your leisure.
A good investment?
The average price of property in Madrid in euros per square metre is approximately €3682. This is certainly more expensive than most of Spain, but cheaper than other European capital cities. Due to the pandemic, property prices in Madrid fell in 2020.
Rental prices have also fallen over the last year, however, Madrid is still amongst the most expensive regions to rent a property in Spain.
Madrid also made the list as one of the most attractive European cities to invest in the real estate sector in 2021.
If you would like further advice on the selling process in Spain, download your free Spain Guide.
Why not split the cost and double the fun of owning a holiday in Spain by buying with family or friends? Read our guide to Buying Abroad with Family
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