5 housing challenges in Madrid 

Madrid is a dynamic, cultural city that attracts many visitors from all over the world every year, as well as new residents. But finding the right accommodation can be more complicated than you think. Here are 5 things you need to know about accommodation in the Spanish capital.

 

1️⃣ Measures taken by the city 

Improving the availability and suitability of housing for young people is a pressing challenge, particularly in light of the current economic uncertainties. Mortgage legislation, coupled with the impact of the economic recession on job creation and wages, is making it difficult for young people to obtain housing. As a result, the rate of emancipation in Spain has fallen and home transfer has become a popular alternative.

The Spanish government has introduced a number of policies to make housing more accessible, including the implementation of new property laws. Some of these measures include changes to the length of rental contracts and stricter frameworks for security deposits. However, additional regulations are needed to control rental and sales prices. This would help vulnerable groups to find affordable housing, ensuring that everyone has access to a safe home.

2️⃣ The property market

It's important to bear in mind that Madrid is a university city, and many students are looking to rent accommodation. However, it is important to bear in mind that many students are looking for accommodation, Madrid's property sector has seen an unprecedented surge in prices. It seems that Madrid has surpassed other municipalities in anticipating its property cycle. As a result, the city's growth is now likely to be slower than in the rest of Spain.

 3️⃣ The prices 

Although Madrid has many more rental properties than any other city, prices are very high in some areas because demand is so high.

For example, in the Ciudad Universitaria, prices range from €850 to €2,000 a month; in the Salamanca district, the average rent is €1,000; in Malasaña, a district right in the centre and close to many universities, you can find a room for €500; in Villaviciosa de Odón, the rent is around €300 to €400. To sum up, the average rent in Madrid is around €800 a month.

However, you must add electricity and water charges, as well as other everyday costs (food, transport, clothing, visits, etc.).

4️⃣ Types of flat in Madrid

Depending on the area, you'll find two types of flat: 

  • small, old flats in more central locations, such as Salamanca or Moncloa.
  • Spacious, modern flats. These are located in neighbourhoods further away from the centre of Madrid. Even if you have to use public transport to get there, these neighbourhoods have beautiful green spaces all around. 

5️⃣ Living in a shared flat in Madrid

The main advantage of living in a shared apartment is that you share the rent and can therefore save money. What's more, there are also solutions such as TANDEMS, which allows you to further reduce your rent by providing services to your host and helping you with administrative formalities. On the other hand, if you live alone, you'll have to cover all the costs yourself, with no help from anyone (except perhaps your parents), and you'll also have to settle in. Finally, if you live with someone, you'll get to know new people straight away, and they'll help you make the most of your move to your new town.

Annaïg
Annaïg

I love Breton crêpes, photography and making great tandems.

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