Long overshadowed by Barcelona, Madrid is now making a comeback. Since 2017 and the global success of ‘La Casa de Papel’, the Spanish capital has established itself as the new centre of gravity in the country.
Between 2018 and 2022, it attracted 71% of foreign investment in Spain, six times more than Catalonia. South American billionaires are flocking to the city, attracted by its political stability and tax advantages. As a result, the most beautiful neighbourhoods are being transformed, prices are skyrocketing and the city is changing face. Meanwhile, Madrid’s nobility is holding out. The Duke of Alba opened the doors of his palace to us: a historic gem in the heart of the capital.
Concept bars, eccentric restaurants, the bustling Chueca district… Madrid is buzzing like never before. But this boom has a downside: rapid gentrification, sky-high rents, social unrest.
An investigation into a city in flux, torn between frenzy and division.