Madrid next to young investors

Madrid is undoubtedly one of the youngest and most youthful realities in Spain. Wonderful from all points of view, however, it was severely affected by the pandemic emergency. So much so that, for a long time, and unfortunately even in the last period, it has always appeared in first place for its collapsing health system. Although this is a sad page in international history, the emergency situation has nevertheless sparked significant initiatives. In multiple sectors. In many countries, for example, the so-called '' smart working '' has gone from a momentary novelty to a real custom. A similar process is that relating to distance learning. But in today's column, we will analyze yet another action, this time from the government, aimed at helping investors. In particular, young investors who decide to enter the Madrid real estate market. So, if you too are interested in this topic, or if you are simply curious to know more, we can start right away!

We assume that Madrid and Spain in general represent the most desired destination for many Erasmus students, who decide to spend a period of time studying abroad. Especially Madrid, being an elegant but also economic reality, welcomes thousands of potential students every year. This is the reason why, during the lack of warnings about the pandemic emergency, many have decided to return to their homeland. Still others have decided to stay in this city, hoping to be able to bear the unexpected expenses associated with the pandemic. Well, after experiencing an initial phase of disarray, at the beginning of 2021, Madrid decided to change music. To turn around and to protect in all respects its children, Spaniards and foreigners. The municipal society of Madrid has in fact launched a new plan which is based on the support of young people in the payment of the rent. In detail, it is aimed at the age group between 18 and 35 who have an annual income of less than or equal to 37,300 euros.

The goal is to facilitate this slice of the population to prevent it from getting lost in such a critical period as the one we are going through. At the monetary level, the aforementioned company will pay the rental deposit for all the children who, abandoning the family roof, are preparing to create a new independent nucleus. Obviously, there is a limit: the deposit must not exceed 1,100 euros. So how much will it cost the tenant to keep the new home? The same initial interest-free price, to be returned within the following year. A remarkable effort, that of the Empresa Municipal de la Vivienda y Suelo de Madrid, which seems to really work!

The beneficiaries are currently over 700,000. Which means that this valuable help will allow many children not to abandon their dream. To be independent of one's family. It is hoped that this will be the first of countless initiatives to combat the pandemic emergency on other fronts. Obviously, at Realigro, we thought it appropriate to mention it, just to give a glimmer of hope to all our readers who, in this period, have found themselves a bit confused. Good luck, Madrid!

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