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This 100%. In addition, if you want to look into new factors, the huge amounts of foreign investments that came into Madrid have been dedicated to normal rental
by harperlee 8y ago
This 100%. In addition, if you want to look into new factors, the huge amounts of foreign investments that came into Madrid have been dedicated to normal rentals, or to hoarding empty flats; not to short term rentals.
- xondono 8y agoForeign or national, the fact is that Spain suffered a housing bubble and it’s burst, but all of the legal and political conditions that gave rise to the bubble are still there. Add the negative interest rates of the BCE, and you have found a nice way to make a killing...