More than 5,000 apartments will no longer be available for rent in Madrid: according to El Economista, the Canadian fund Brookfield is in the process of buying 47 buildings housing some 5,300 apartments in the capital —as well as around 50 in the neighboring province of Guadalajara—from another fund, Blackstone.
To ensure the profitability of the purchase—which, according to the economic media, costs €1.3 billion—the only way is to “sell the apartments one by one.” The sale of these properties by Blackstone, incidentally, is part of its divestment strategy.
This operation will therefore mean the withdrawal of the apartments from the rental market in Madrid, a market which, according to the latest data from the Fotocasa Real Estate Index, “has consolidated its position as one of the most dynamic and tense in the country at the beginning of 2026.”
One need only look at the average rental price, which has once again broken records at €21.59/m² —as a reference, the national average is €14.38/m².
A tense market: neighborhoods almost 20% more expensive from one year to the next
Editorial credit: Alexandre Rotenberg | shutterstock.com
The Fotocasa report points out that the “critical shortage of supply and booming demand are reshaping the Madrid housing market.” The most extreme example of this scenario in the capital can be found in Sanchinarro (Hortaleza), the neighborhood where rents have risen the most in the last year.
As our colleague Elena Francés pointed out, year-on-year , the same three-bedroom apartment now costs almost €250 more. There, a combination of factors, such as another sale to an investment fund —which now offers rents that can exceed €1,800 for stays of less than 11 months—and the neighborhood’s reputation for its transport links, services, and a certain exclusivity, has caused prices to skyrocket.