About Madrid, Spain

Madrid is the capital and largest city of Spain, located in the central-western part of the Iberian Peninsula. The city has a population of over 3 million inhabitants and a metropolitan area population of approximately 6,7 million. The municipality covers an area of 604.3 km2.
Madrid is often described as the intellectual, cultural, political and economic capital of Spain. The city is home to numerous institutions of higher learning such as the Complutense University of Madrid, one of the oldest universities in the world, and the Royal Spanish Academy, one of the oldest and most prestigious academic societies in the world.

More about the city - Geography and areas

The city has a lot to offer, from the rich history of the city and its architecture to the modern-day amenities. There is so much to see and do that it can be hard to decide where to start.
The best way to get a good idea of what Madrid is like is to start from the centre, which, is home to some of the city’s most famous sights and monuments, including the Royal Palace and the Prado Museum. In fact, the city is home to more than 40 museums, including the Prado Museum, the Reina Sofía Art Museum, and the Thyssen-Bornemisza Museum. You can walk through the centre and you will see the most important attraction of the capital such as the Gran Via, Plaza Mayor, Plaza de España, Puerta del Sol, Retiro Park, Templo de Debod and much more.

The luxury real estate market in Madrid

Since the outbreak of the coronavirus, Spain’s economy has seen an important drop, which has led to a decline in property prices in the Spanish capital and elsewhere. However, according to Knight Frank, the biggest private real estate consultancy in the world, the Spanish capital’s luxury real estate market will continue to perform well from the first half of 2021, even though the pandemic has left a negative impact. In fact, the Madrid luxury market is market is experiencing a very strong recovery.
According to the consultancy, the Madrid market’s recovery could be boosted by the positive fact that new luxury residential projects are being launched in the city. This year, Madrid was crowned the best-performing market for luxury property in the world, with an increase of 9.5%. Furthermore, in recent years, the city’s real estate market has seen increased competition, especially among foreigners. 
The cost of a new apartment in Madrid varies depending on the size, location, and amenities of the property. A small studio apartment in the city center may cost around €120,000, while a larger apartment with multiple bedrooms and a view of the city may cost upwards of €1 million. The cost of a single-family home in Madrid starts at around €250,000 and can go up to several million euros for a luxury property.

In Madrid you can find private mansions, villas, prestigious apartments and many exceptional properties.

There is currently a lot of interest in luxury penthouses and apartments, as well as luxury townhouses and high-end properties.

Real estate agencies are everywhere in Madrid but just a small portion of them can really handle the sale of a luxury apartment, a villas, a penthouses and only a few are used to deal with an international buyer.
Fortunately, you can find them on World Luxury Home!

You can explore real estate listings and find the right match for you. You can filter by property type, services, amenities and more.


How to buy a luxury home in Madrid There are a few things you need to know before you buy a luxury home in Madrid:

1. The market for luxury homes in Madrid is very competitive. You will need to be prepared to compete with other buyers for the best properties.

2. The average price for a luxury home in Madrid is around 3000000.

3. You usually need to be able to speak Spanish to buy a luxury home in Madrid.

Most of the real estate agents and property developers in Madrid only speak Spanish.
Fortunately, on World Luxury Home, many agents and agencies speak fluent English, Russian, Italian, German, French, Chinese, Arabic and Spanish.

Whether you are looking to buy a private mansion, a luxury apartment, a family apartment, or even an atypical property (yes, Madrid is full of properties that are unique and can't be compared to anything else in the world!), you're in the right place.

How to sell a luxury property in Madrid When selling a high-end property in Madrid, it is important to price it correctly. Many luxury properties in Madrid are overpriced, which can lead to a longer than average sale time. It is also important to make sure the property is in excellent condition before putting it on the market.

Additionally, it is important to market the property correctly to reach the right buyers.

Some tips for marketing exclusive properties in Madrid include:

• Using high-quality photos and videos to showcase the property
• Creating a well-written property description that highlights the unique features of the property
• Targeting high-end buyers who are interested in luxury properties
• Post your property on World Luxury Home to ensure to target the right audience and to increase your visibility. It is free to post your listing as a private seller and our team can provide services to sell your home faster and at the best price.

Remember that there are thousands of real estate for sale in Madrid: We can help you stand out of the crowd and sell your property faster.

Contact us now to know more about our services or list your luxury property in just 3 minutes!