At Rightplace, our property management is founded on solid principles of honesty, integrity, and a deep commitment to excellence. We are passionate about what we do, and this is reflected in the personalized attention we provide to both owners and tenants. Our dedication to continuous improvement drives us to offer a close, professional approach, ensuring every detail is taken care of to maximize results without complications.
Property Management in Madrid
We provide a comprehensive property management service in Madrid, handling promotion, tenant selection, legal compliance, and maintaining properties in top condition. At Rightplace, we not only advise you on maximizing the profitability of your investment but also give you an in-depth view of the market. We assess the potential of each property and offer tailored strategies to increase its value over time. Additionally, we provide additional services such as renovations, buying and selling, and customized solutions to ensure effective and profitable management.
Real Estate Investments
Madrid has established itself as a key destination for real estate investments, offering excellent opportunities for those looking to profit from their properties. When investing in the city, it’s essential to understand the variations in returns between neighborhoods. Areas like Salamanca and Chamberí tend to offer more stable returns, while emerging neighborhoods such as Tetuán or Carabanchel present significant potential for appreciation. The average return varies between 4% and 6%, depending on the location and type of property.
The following chart, with data from the National Statistics Institute (INE), shows the evolution of the price per square meter in Madrid from 2018 to 2024. After steady growth until 2019, a decline is observed in 2020 and 2021, influenced by the pandemic. From 2022 onwards, prices show a strong recovery, reaching their highest point in 2024 at €20/m². This growth reflects a booming real estate market, driven by high demand and the city’s economic recovery.
Rentals in Madrid
The rental market in Madrid is dynamic and offers various options to suit tenants’ needs: long-term rentals for families and professionals, monthly rentals for students and people on temporary stays, and short-term rentals for those seeking flexibility. Neighborhoods like Salamanca and Chamberí are more expensive, while areas such as Carabanchel or Usera provide more affordable options. Tenants, whether students, families, or professionals, are required to present an ID (DNI/NIE), employment contract, and payslips, ensuring a secure and transparent rental process.
Neighborhoods in Madrid
Madrid is a vibrant city, with each neighborhood offering its own unique charm and appeal, both for tenants and investors. Below, we highlight four of the best neighborhoods to live in Madrid:
Salamanca
One of the most exclusive neighborhoods in Madrid, known for its luxury, high-end shops, and restaurants. It’s ideal for stable investments due to its high profitability and demand, especially among high-level professionals and families.
Chamberí
A traditional neighborhood with modern touches, ideal for young professionals and families. It stands out for its tranquility, architecture, and excellent accessibility, making it attractive for both living and investment.
Malasaña
Popular among young creatives, this bohemian neighborhood offers a vibrant nightlife. Its proximity to the city center and its alternative vibe make it ideal for short-term rental investments.
La Latina
A historic neighborhood famous for its authentic atmosphere, lively plazas, and tapas bars. It attracts tourists and young professionals, making it ideal for tourist rentals.
Tips for Drafting a Rental Contract
A rental contract should include several essential elements to ensure a fair and secure relationship between the landlord and tenant. Key aspects include identifying the parties involved, a detailed description of the property, the contract duration, rent amount and payment methods, and the security deposit. It is also important to specify the tenant’s and landlord’s obligations, property usage, and responsibilities for maintenance and repairs. Finally, the contract should outline termination conditions and dispute resolution clauses in accordance with current legislation.
What our clients say about us:
- The relationship with the team and their advice
- Information and updates
- Issues management
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- The trust
