""Madrid "is on fire", said Eduardo Corda, founder of estate agency Mi Piso en Madrid, which specialises in high-end properties. Spain's most populous city has become "a leading city to invest and live in", and house hunters with deep pockets want "to be a part of this boom", Corda told AFP. The city has topped for the second year running an annual index by the real estate firm Barnes, considered a reference to measure investor appetite in luxury properties.""
""Cosmopolitan, joyful and vibrant," Madrid "has emerged as one of the leading destinations" for the world's "ultra-high net worth individuals", those possessing at least $30 million of wealth, Barnes wrote in its latest report released on Thursday. "No other European capital offers such easy daily life," with quick access to an international airport, security, "a pleasant climate, efficient public services, first-class health services, quality education and an excellent transport system", Barnes said."
Madrid has emerged as a sought-after global luxury housing market driven by Latin American and US investment. The city topped the Barnes luxury-property index for a second consecutive year, drawing ultra-high net worth buyers. Attractiveness stems from easy daily life: proximity to an international airport, security, pleasant climate, efficient public services, strong healthcare, quality education and excellent transport. A large share of purchasers are foreign, with about 60 percent from South America, followed by British, French and US buyers. Significant inflows came from Venezuelans, Colombians, Argentines and Mexicans, and political upheaval in some home countries has shifted investment patterns toward Madrid.
Read at www.thelocal.es
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