The property market in most parts of Spain has grown enormously in popularity over the last decade or so, especially with foreigners (mostly Europeans) looking to escape to a sunnier clime. Madrid is a city where it all happens, but what it lacks in coastline it is compensated for with loads of other plus points. This means it is a real estate hot spot and a very desirable place to buy your Spanish property. Madrid's unrivalled nightlife, rich culture and friendly people give it a special atmosphere that has to be experienced - like nowhere else in the world!
Despite the recent upheavals in the world's financial systems, each year more and more foreigners look for a home or investment properties in Spain. In many parts of the EU, it has become increasingly common for first time buyers to look to Spain rather than their local housing market.
Currently the building industry in Spain is in the doldrums and many bargains can be found as developers (and their financiers) do all possible to offload as many new properties as possible, and the Madrid area is no exception. Real bargains can now be found. The current financial situation has also meant that some foreigners living in Spain, who have not been properly prepared financially, are returning to their home countries, and offering their Spanish homes at ridiculously low prices, some as low as half price. Now is the time to snap up a bargain if you are thinking of living in Spain, whether it's a luxury pad like the one above or a much more modest semi - Spanish style.
Here are a few Estate Agents and developers to get you started -