Madrid has become one of the favorite cities by the great Latin American fortunes, and this migratory movement of millionaires to Spain is already being noticed in international rankings. The latest report ‘The Henley Private Wealth Migration Report‘from the consultant Henley & Partners places the Spanish capital among the main destinations for millionaires from the other side of the pond.
The capital is no longer only gaining visibility for its offer of urban life and its luxury real estate marketnow it also does it as the formula to own a “pied-à-terre” in a city on each side of the Atlantic that the map is changing of demand in the most expensive neighborhoods of the city.
A magnet for large assets. According to data from the report of Henley & PartnersMadrid brings together nearly 34,900 millionaires, about 5,900 more people than three years ago, which equals growth of 20%. The consulting firm considers millionaires to be individuals with investable liquid assets of $1 million or more.
This report points out the possibility that Madrid could welcome 200 more millionaires in the next twelve months. In the last decade, the number of millionaires in the capital has grown 3%. Of the almost 35,000 millionaires who live in Madrid, 72 can be considered centimillionaires, that is, with assets of more than 100 million dollars, and eight billionaires with assets of more than 1,000 million dollars.
Your home remains your most valuable asset. Data of another study from the consulting firm Knight Frank points out that Latin American investors maintain a relevant weight of 26% in real estate purchase operations prime from Madrid, while those from the United States rise to 8% and the United Kingdom to 5%.
Henley & Partners explains in its report that Madrid is positioned as one of the cities that best consolidates the most determining aspects in the migratory decision of foreign millionaires: stability, private education and quality of life for families with large assets.
The pressure is noticeable in the real estate market. As and as highlighted cnnof the 44,680 foreign residents of the Salamanca district, the most exclusive area of Madrid, about 21,740 come from Latin American countries.
This high demand has caused the price of housing in those areas to skyrocket. According to report data annual Diza Market, in 2014, with one million euros you could buy 2.88 standard homes in the prime areas of Madrid, while in 2026, the same investment barely covers 1.17. That pressure on prices has been shifting to other areas of the cityand postal codes such as Ibiza- Niño Jesús have registered an increase of 195.1% in the prices of their properties since 2014 or Aravaca 119.2%.
The square meter has skyrocketed. The study by the real estate consultancy Diza has detected a strong rise in prices in the high-end housing market during the first quarter of 2026 in the most exclusive neighborhoods, which have gone from having an average price of 4,166 euros/m2 in 2014, to 11,928 euros in 2026.
The average amount of each operation in these prime districts of the capital is around two million euros, and more than half of them are carried out under the ownership of family officesSICAVs, Socimis or other investment vehicles.
Spain is fashionable among millionaires. Madrid is not the only one that monopolizes the arrival of large assets Latin Americans and the United States. All this, despite the fact that in April 2025, the Government ended with the “Golden Visa”which allowed foreigners to obtain residency in Spain through a real estate investment of at least 500,000 euros.
Just like the report highlights of Henley & Partners The Costa del Sol maintains its appeal among centimillionaires, remaining in 56th place on the list of places with the largest population of millionaires with more than 100 million dollars, while Barcelona is located just on the edge of the top 100 cities with more millionaires.
Image | Unsplasg (Florian Wehde)
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