{"id":85496,"date":"2020-10-06T10:04:16","date_gmt":"2020-10-06T10:04:16","guid":{"rendered":"http:\/\/staging.expatinfodesk.com\/?page_id=85496"},"modified":"2024-04-30T08:03:09","modified_gmt":"2024-04-30T08:03:09","slug":"accommodation","status":"publish","type":"page","link":"https:\/\/www.expatinfodesk.com\/destinations\/madrid\/accommodation\/","title":{"rendered":"Madrid Accommodation Guide"},"content":{"rendered":"

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When compared to the average salaries earned by Madrile\u00f1os, the cost of living in the Spanish capital is quite high. In some of Spain\u2019s smaller cities, cost of living is still quite affordable, but the country\u2019s major metropolises are seeing annual increases in their costs of living.<\/p>\n

As with most Spanish cities, the majority of Madrid\u2019s housing is made up of apartment buildings between three and six stories high. Houses, or \u201cchalets,\u201d as they are called in Spain, are not very common within the city limits, and the few enclaves that you\u2019ll find are generally expensive for both rent and purchase (upwards of 1 million euros to buy).<\/p>\n

Madrid\u2019s real estate market is one of the most bloated in the country. Purchasing an apartment for under $200,000 euros in Madrid<\/a> is virtually unheard of, regardless of its size, condition or location. Renting is a bit more affordable, and thanks to the economic crisis, the average rent has decreased slightly. The price of rent is highly dependent upon the neighborhood in which one chooses to live. The more central, the more expensive, plus some neighborhoods are known for being very posh, which, of course, influences price. Studios can range from between 500-700 euros, one-bedroom apartments between 750-900 euros, and two bedrooms 800-1100 euros. Anything below those estimates may indicate a sub-par apartment and anything over may signal that the apartment is overpriced.<\/p>\n

Madrid is a landlord\u2019s market. There is always a strong demand for rentals, so good apartments get taken quickly. It\u2019s no exaggeration to say that a nice apartment can be rented the very first day it\u2019s shown. Be ready to call the owner as soon as you see an advertisement that interests you and schedules a visit as soon as possible. If you love the place, negotiate terms and sign the lease while you\u2019re still in the apartment. Taking a few days for consideration could mean losing it to a more eager renter. Of course, if you\u2019re not quite convinced, just keep looking.<\/p>\n

It is best not to use an agency to find an apartment. Real estate agencies in Spain charge a month\u2019s rent for their services. That means that if you rent an apartment shown by an agency, you\u2019ll have to pay a month\u2019s deposit, your first month\u2019s rent and the agency fee. There is a large selection of apartments whose owners advertise independently online and in the newspaper, so it\u2019s much more economical to deal directly with the owner.<\/p>\n

Although the daily newspapers include housing classifieds, online listing sites, such as\u00a0http:\/\/www.idealista.com<\/a>\u00a0and\u00a0http:\/\/www.fotocasa.com<\/a> are much more user-friendly and allow you to view photographs and videos of the apartments. You also have the ability to customize your search to include the number of bedrooms, price range, and which neighborhoods you prefer.<\/p>\n<\/div>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/3″ el_class=”city-side-bar”][vc_row_inner el_class=”sidebar-section-one”][vc_column_inner][vc_custom_heading text=”Top Tips” font_container=”tag:h4|font_size:24|text_align:left|color:%23ffffff” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_separator color=”#ffffff” type=”full_width” thickness=”1″ up=”” down=””][vc_column_text]<\/p>\n\n\n\n\n\n\n
01<\/td>\nStart learning Spanish and have at least a basic comprehension before arriving in the country, it will get you off to the best start.<\/td>\n<\/tr>\n
02<\/td>\nGive yourself enough time to adapt to your new city. Leave sufficient time to perform the required administration before starting work.<\/td>\n<\/tr>\n
03<\/td>\nExpect to spend a bare bones minimum of 1000 Euros per month, but if you want to live somewhat comfortably, plan on spending twice that amount.<\/td>\n<\/tr>\n
04<\/td>\nMake the effort to strike up relationships with Spaniards, and don\u2019t be afraid to be the one who suggests getting together for coffee or a night<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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