The mexican community It is the fifth foreign community that more home has been purchased in the last year in Madrid and it only accounts for 0.78% of total purchases in the last year in the capital, but it is the most dynamic foreign group when it comes to acquiring real estate in the most exclusive areas of the cityin which the average price of square meter exceeds 8,000 euros.
So, the Mexicans They have accounted for 6.48% of total home purchases in the last moving year -from September 2024 to August 2025- in the area delimited by the postal code 28001, which covers the area of Recoletos and Príncipe de Vergara street, according to data from the Housing Statistical Portal of the General Council of Notaries consulted by Servimedia.
In this area, where the average price is 11,492 euros per square meter – the highest in all of Spain –the average purchase amount of a housing stands at 1.48 million euros. Furthermore, in this district there are two peculiarities: practically half of the sales and purchases (46.79%) are carried out by legal entities and the The vast majority of foreigners who buy a home are non-residents – in the case of Mexicans, 84.9% of those who buy a home.
According to reports Servimediathe second most expensive area of Madrid, the one delimited by the postal code 28006, which covers large areas of the Salamanca neighborhood, El Viso and Lista, natives of the Latin American country are also the main foreign buyers. In this area, where the average price per square meter amounts to 9,428 euros and the average price of a home is 1.27 million euros, Mexicans have been responsible for 8.69% of home purchases.
Outside the Salamanca neighborhood, in the area delimited by the postal code 28010 -zona of Trafalgar and Almagro, in Chamberí-are also the main foreign buyers. In a district where the average price per square meter rises to 8,445 euros and in which the average price of the homes purchased rose to 969,346 euros, Foreigners account for 22.34% of purchases and, of them, 17.34% correspond to Mexicans.
Also in the 28014 and 28009 zip codes, which cover the neighborhoods of Cortes and Retiro, Mexicans are among the main drivers of the real estate market. In the first of these areas, which includes some of the most stately roads in the capital, such as Paseo del Prado and Alfonso XII Street – in this area the price rises to 8,415 euros per square meter-, Mexicans account for 21.25% of foreign purchases. In the other postal district the situation is similar, both in the price per square meter (8,313 euros) and in the percentage of Mexicans out of the total of foreigners who are involved in home purchases (22.16%).
In addition, they are also the main foreign buyers in the area delimited by the postal code 28015, which covers the neighborhoods of Gaztambide and Arapiles, in Chamberí.
The Puerta de Alcalá in Madrid.EM
Italian dominion in the Justicia and Malasaña neighborhood
Below 8,000 euros per square meter is Postal Code 28004, which covers the Justicia neighborhood and part of the Malasaña neighborhood. In this area, whose average price is 7,706 euros per square meter and the average amount that buyers spend amounts to 688,571 euros, foreigners are the protagonists of the 37.91% of purchases, in a market dominated by citizens of Italian origin, that dominate 18.67% of purchases between foreigners.
Los Italians emerge as the foreign group that buys the most homes in areas like Argüelles (CP 28008), Lavapiés (28012), Imperial and Acacias (28005), Atocha and Delicias (28045), Latin America,New Spain (28016), Chamartin (28036) and the southern area of the district of Tetouan (28039 y 28020).
However, the foreign group that buys the most homes are the Chinesewhich total 13.9% of foreign purchases in the city of Madrid and 1.78% of total purchases thanks to its intense level of purchases in neighborhoods such as Almendrales, Moscardó and Pradolongo (28026) and account for 56% of foreign purchases. They are also the most numerous foreigners in neighborhoods outside the limits of the M3O such as Orcasur or San Fermín (28035), Palomeras Bajas, Pacífico or Simancas.
Finally, the fourth group that buys the most homes in the city of Madrid are North Americans, who are the protagonists of the 20% of purchases by foreigners in Postal Code 28013, which covers areas such as Puerta del Sol or the Royal Palace.
The key to high demand: luxury homes
But beyond typical factors such as climate or quality of life, the rise of this market in Spain coincides with something more essential such as the evolution of the concept of luxury, which today goes far beyond location or square meters. He Luxury is now conceived as a lifestyle in whichThe client values happiness, exclusivity and the experience above the monetary cost. Price is no longer the determining factor when seeking personal satisfaction and quality of life.
Part of the appeal of the luxury sector is exclusive access to properties that are not found in conventional purchasing channels, what is called market off-marketwhere discretion and exclusivity are key factors. The new luxury is silent, private and quality. It’s also still expensive.
Another of the great current trends are branded residencesthat is, properties developed in collaboration with prestigious brands, such as Four Seasons o Fendiwhich offer not only design and exclusivity, but also personalized services and a residential experience similar to that of a five-star hotel. “This model has had a strong impact in locations such as Madrid or Marbella, positioning Spain as one of the most dynamic markets in Europe in this segment,” says François Carriere, of Coldwell Banker.
Plate of sauces at the Mexican restaurant Can Chan Chán in El Corte Ingles de Serrano.E.M.
The boom of Mexican businesses in Madrid
Mexicans have set out to conquer the capital and fill the restaurants of a street that has become a mecca of gastronomy. from the Salamanca neighborhood.
Mexicans had never been very numerous in the region, since They emigrated to the United Statesa country much closer to theirs than ours.
But, as a result of the pandemic, the arrival of tourists of this nationality has been growing up and in 2024, more than 709,850 Mexicans landed in Madrida historical record that places the Spanish capital as its favorite destination in Europe, ahead of Paris, London or Barcelona.
Mexicans not only come for tourism, but many of them come to study degrees and master’s degrees, to work, to set up their companies and to invest in Madrid, which is why the city is filling up with businesses and restaurants in this country.
At the end of the 90s, there were barely two or three Mexican restaurants in the city, with the dean Entre suspiro y suspiro at the helm. However, now there are more than 100 and, in fact, the Casa de México Foundation has awarded the Copil Seal – a quality guarantee badge. to 40 establishments in the capital for highlighting the culture of the Latin American country daily from the kitchen.