25 Jul Beyond the centre of Madrid
What’s happening in Madrid with rentals? This is the big question of the last months. The offer is limited, prices are the same as in large European cities, houses are unkept to say the minimum and yet in a few days or in a few hours the houses are no longer available.
In the case of long-term rentals there has been a major change in the last year making it extremely difficult to find a house to rent in the centre of Madrid, in good condition, furnished with practical and functional style and at a reasonable price . This is due to two main reasons, an increase in demand and the appearance of other investment options with the consequent withdrawal of the previously available offer.
Madrid is in fashion, or so it seems. Madrid has traditionally been a receiving city but now especially, it receives transfers from all over the world, returning expatriates, workers from different areas of Spain or foreign and national students. And casually, almost everyone wants to live in the same neighborhoods. If I am one of them I have a problem, but it becomes an opportunity if I have a flat for rent in those areas.
In the case of landlords there is the possibility of short-term renting and although in many cases numbers don’t come out well, the temptation is high and short-term rentals abound.
We have then, reduced offer, high demand, higher prices than expected and, surprise, less than desirable housing conditions. I can think of three solutions:
- Look for flatmates. Not too desirable at certain ages.
- Increase my budget and pay 30 – 50% more than I had planned. If only this was so easy.
- Consider other rental options outside the broad city center. Good option.
This is the question, to leave the centre, the neighbourhoods traditionally more demanded. There is a lot of life beyond Chamberí, Latina, Salamanca and Moncloa. Several zones can be considered within the city bypasses, well communicated, with all the services and with great quality of life.
Yes, there is life beyond the centre of Madrid.