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What do young people want when renting an apartment in Madrid?

The rental market in Madrid has been growing rapidly over the last few years thanks mainly to the demand from young people who have the desire to become independent and leave the family home behind once they find a job and feel financially stable. But what do they really look for when they start looking for a flat? The following are their main requirements.

Firtly, when young people are looking for a property in Madrid, they give priority to the area. In this sense, the most central neighbourhoods are the ones that are most in demand, although it is true that high prices make them look for alternatives in neighbourhoods like Malasaña, Lavapiés, etc. The districts that are considered as 'fashionable' also have a strong influence on their decisions. Aside from the location, they also look for a wide range of amenities in the area they wish to live in.

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Finally, fixtures and fittings are the last factors that influence the decision to rent a flat or not. Apart from air conditioning systems, which are considered as essential, they also prefer apartments with large windows for natural lighting over interiors, even though the price of the latter is lower. Energy efficiency, which plays a key role in utility prices, is also extremely important.

In general, these are the factors that young people look for when renting a flat in Madrid. In addition, it should be noted that what most of these people are looking for is a rental home that serves as a base for independence and, eventually, as a potential place to buy.

    Finalmente, los extras son los últimos elementos que influyen en la decisión de alquilar o no un piso. Más allá de los sistemas de climatización, los cuales son considerados como indispensables, también prefieren los apartamentos con ventanales y fuentes de iluminación natural por delante de los interiores, a pesar de que el precio de estos últimos sea inferior. La eficiencia energética, la cual juega un papel clave en el precio de las facturas, también es de suma importancia.

    En líneas generales, estos son los aspectos que los jóvenes buscan a la hora de alquilar un piso en Madrid. Además, hay que reseñar que, en la mayoría de los casos, lo que buscan es una vivienda que les sirva como trampolín para la independización y, con el paso del tiempo, para poder comprar.

    Engel & Völkers

    Génova, 27 - 5th floor
    28004 Madrid
    +34 91 277 45 00

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