Should I buy or rent a home in Madrid?
If you have not spent a lot of time in Madrid, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Madrid can be a great investment, as the city is a popular tourist destination and the real estate market is strong. However, it is important to consider the cost of living in Madrid, as well as the cost of purchasing a home, before making a decision. Renting a home in Madrid can be a great option for those who are not ready to commit to a long-term purchase, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Madrid should be based on individual needs and preferences," wrote a member who made the move to Madrid, Spain.

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With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
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With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
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Click connect to have our partner contact you via e-mail and/or phone.
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Should I buy or rent a home in Madrid?
If you live in Madrid, newcomers to Madrid would love to hear your answer to this question.