Insights

Bloomberg published an article pointing out that Madrid had become the new Miami. The main cause is the real estate boom by rich Latin Americans in Madrid.

Madrid began to become fashionable several years ago, especially since 2022. Miami, once a favorite destination for Latin Americans, has lost appeal due to the difficulty of obtaining legal residency in the United States. Madrid, on the other hand, has become an attractive alternative due to its quality of life, lower cost of living and ease of obtaining residency.

For Latin Americans looking to emigrate and invest, Madrid is presented as the best current option.