Those people who possess the greatest assets and wealth in the world, are looking for houses in Madrid. This tendency started a few years ago. Surveys show us that Madrid is one of the preferences of those with important purchasing power, and it is also in the ninth position in Europe with the largest number of immensely rich people who have chosen Madrid as their residence.

WHAT DO WE CONSIDER A GREAT FORTUNE?

According to surveys, an extremely wealthy person has to have more than thirty million dollars. It is the first time that these very rich people have chosen Madrid among the first 20 destinations regarding the purchase of a house. Madrid is placed as number 18, well above great European cities such as Barcelona, Amsterdam, Munich or Stockholm. This increase in the demand of high level housing has led to the rise of 5% in the price during this last year.

THE TOP 3 CITIES FOR THE ENORMOUSLY WEALTHY

The favourite top 3 cities regarding real estate, are London, New York and Hong Kong. If you compare Madrid with them, it is not as expensive, but it is nevertheless booming. It is estimated that there are 544 people who are considered to have great fortunes, that take up residence in Madrid. The enormously wealthy usually spend 30% of their capital on the purchase of their main or second home. This figure shows us how important it is to be the housing destination of the richest people in the world.

A FACT

In the next decade, the number of people with great fortunes who will take up residence in Madrid, will increase 24%, thus, making Spain an undisputable tendency concerning real estate.