In a lot of ways, Madrid is alike many international cities – it's Spain's largest metropolis, it has the largest population, is the center for governance and international business. Nevertheless, Madrid has a unique atmosphere of the Southern city, with the swish of a flamenco dancer's skirt, sounds of Spanish guitar, and large evening socials infused with sangria. Madrid is a desired destination not only for tourists attracted by famous paintings and remarkable architecture but also for the downshifters, party-animals, and shopaholics.
Madrid is the largest city in Spain and, it is also the highest capital in Europe situated at an elevation of 655m. This fast-moving modern city combines a charming blend of old and new. It also makes a great place for exploring nearby historic landmarks, such as the royal palace El Escorial, or the historic quarters of Toledo. Madrid has a unique charm of the old quarters, the exquisite vibe of culture and tradition and magnificent art collections.
Madrid is Spain's second greatest industrial hub after Barcelona. It produces electrical equipment, aircraft, agricultural equipment, and various consumer goods. Nevertheless, the dominant sector of Madrid economy services. The city is the main nation's transportation hub, as well as the center of national government, finance, and fintech. It is also one of the prominent publishing centers of the Spanish-speaking world. Tourism is also a crucial part of the city’s economy.
Spain’s capital city has a variety of entertainment options for any taste and budget. Enjoy the unparallel art collections in the Museo Thyssen-Bornemisza, Museo del Prado, and Museo Nacional Centro de Arte Reina Sofia. Discover the unique Spanish cuisine in the Michelin-starred restaurants El Club Allard. Go shopping in the designer shops of Salamanca district to find avant-garde designs from the award-winning creators. If you are loaning for the company and carefree past time visit the historic bars and restaurants near Plaza Santa Ana or the gay quarter of Chueca.
Metro is the best way to get around Madrid. A few metro lines reach far northern parts of the city near the Madrid-Barajas Airport, while also extends to city's southern suburbs. To get from the airport to the center of Madrid take the metro line No. 8. The would cost you around 5 euros. The bus system is also fairly comfortable to get around the city. Renting a car or taking a taxi cab is another option, but you should take into account that it's almost always a rush hour in Madrid. Taxis charge a flat rate of 30 euros. There are also several car rental companies located through the city and at the airport.
|Rent Price||Aug||vs Last Month|
|1 bed apartments||€1,010||-4.3%|
|2 bed apartments||€1,368||-0.3%|
|3 bed apartments||€1,071||+4.2%|
|4+ bed apartments||€680||+4.7%|
Over the Aug 2020, the average rent for an apartment in/near Madrid, Spain increased by 3.2% to 876 €.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 4.3% to 1.010 €. Pricing for 2-bed apartment also decreased by 0.3% and a place of this size will now cost you 1.368 €. 3-bed apartment rent pricing starts at 1.071 €, it increased by 4.2% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 4.7% and made it up to 680 €.
|Rent Type Price||Aug||vs Last Month|
The median rent for an apartment in Madrid, Spain increased by 5.6% to 1.050 €. Statistics show that house rent price decreased by 26% this month making it up to 760 €. You can now rent a duplex for 1.566 €, duplex rent price increased by 11.6% this month. The median rent for a loft faced changes as well, it decreased by 9.7%, the price tag now starts at2.075 €. An average room will now go for 526 €, the median rent price for a room increased by 2.8%.
Salamanca is one of the most upscale neighborhoods of Madrid. It is located to the East of the Castellana just above Retiro Park. This neighborhood is centered around two main streets - Serrano and Velázquez. This neighborhood is much calmer than the other hip neighborhoods discussed here. Similarly to many fancy neighborhoods, you will find the high-end shoe stores, top-notch restaurants, and prime real estate. Barrio Salamanca is no exception. However, unique nightclubs and lounges aside, you will also be pleasantly surprised to find many hidden gems. After all, Salamanca is a neighborhood where people live in, and they too have mom and pop shops and friendly bars. You just have to search for them.