Expat Housing Guide: Moving to Madrid

Madrid's housing market is currently highly competitive, with demand consistently outpacing supply, especially in central districts. Prices have been steadily increasing by 5-8% annually since 2015, with a brief stabilization during the pandemic before resuming their upward trajectory. The capital offers diverse housing options including historic apartments in the city center (often in buildings from the 19th-early 20th century), mid-century developments in established neighborhoods, and modern high-rise complexes in newer areas. The rental market is particularly tight, with properties in desirable areas often rented within days of listing. Madrid attracts both domestic and international investors, with a growing expatriate community contributing to demand in certain districts. Recent regulatory changes aimed at controlling short-term rentals have had some impact on availability, though prices remain high by Spanish standards.