According to the Mapping the World's Prices 2018 report, Madrid is one of the 25 best cities in the world to live in. Moving to Madrid seems to be a better option than living in cities like New York, Paris or London, thanks to factors such as climate, housing prices, healthcare or the time spent commuting, according to the report.
Are you looking for an apartment in Madrid? Whether you are thinking of buying or renting a flat, these tips will help you get an idea of where to live in the capital.
1. First, get to know the city a little
The centre of Madrid is full of leisure and cultural offerings, although prices are usually higher than those in less central areas. If we want to move to Madrid we must bear in mind that it is a city in which finding an apartment will not be an easy task, since there is currently a great demand for rental and sale apartments.
If you don't know the city in depth, the first step will be to get a map and learn a little more about all its neighborhoods , the average price of housing in each area and the connections to its main transportation networks.
2. Limit the budget
Although Madrid is not the most expensive city in the country in terms of cost of living, it is among the most expensive. When buying a flat in Madrid, you should bear in mind that the average price per square metre is around 3,160 euros, according to the latest data from the city council, although it is higher in some districts such as the Salamanca district or the Retiro area.
Calculate the price of a home you could afford before you start looking for your ideal home. This will save you time and help you narrow down your search.
3. Looking for an apartment will be a job if you don't have a professional to advise you
The capital's real estate market moves as quickly as the city itself, so when it comes to buying a flat in Madrid, it's best to be patient until the property that suits our preferences and budget appears.
If you want to save time, you can choose a real estate professional who will advise you on the areas and homes of your preference.
4. Parking space, yes, thank you
If you are looking for an apartment in the city centre, one of your essentials should be a parking space in case a car is essential for you.
Madrid currently has one of the most extensive and best public transport networks and is also adapting to improve pedestrian traffic and reduce pollution. That is why, if the car is one of your essential items in your daily life, having a parking space should be essential in your search.
In short, moving to Madrid and buying a flat is one of the greatest adventures one can undertake. The important thing is to know in advance what awaits us and to familiarise ourselves with a huge city, which will have everything we want, but which will not be cheap and will require patience and careful planning of daily travel.
With these tips in mind, we will start off on the right foot.