Rent, Buy or Bring your Furniture?
Moving to Madrid: a new life, a new start in an amazing city ! Yes, but first things first : you need to get the logistics right. Of course, you will need to find a new apartment, and you are thinking of renting instead of buying, after having thought about the pros and cons of renting and buying a property for sale in Madrid.
So you know more or less how to find an apartment in Madrid, but you’re wondering : “How am I going to get it furnished ? Are there enough good furnished rentals ? Are they worth it ?” or said another way …
Can’t I just rent a furnished apartment in Madrid?
If you’re planning to come to centre of Madrid for less than 12 months, yes, you can find plenty of quality furnished apartments, if you know where to find quality ones for a fair price.
However, if you’re planning to come for more than 12 months, by only considering furnished rentals, you’re limiting yourself to 20% of the available market.
Finally, if you’re moving to some place out of the centre, such as the suburbs of Pozuelo (interactive map), there are very few furnished apartments, and this will limit you to less than 10% of the market.
To sum up:
- if you’re staying in Madrid centre for less than 12 months, rent a furnished apartment.
- if you’re staying out of the centre, you will need to get the furniture in most cases.
- The larger the apartment, the less possibilities you have to find a furnished apartment.
- the longer you stay, the more interesing it is to get your own furniture.
Should I bring my furniture with me ?
It all comes down to the price of the move. Assess the cost of your furniture, and the cost of your move, and see if it’s worth it.
If you’re moving for more than 2 years, and from a neighbour country like France (3000 – 6000 €), Portugal (1500 – 4000 €) or even the UK (4000-7000 €), do consider moving with your furniture.
If you’re moving from a country overseas or further, your stay has to be long (2 years at least) and your furniture expensive enough to make it worthwile.
24 months is the magic number
All in all, in most cases, the point at which it is usually more interesting to buy or rent the furniture is 24 months:
- if you’re staying less than 24 months in Madrid, rent.
- if you’re staying longer, buy.
Here are the figures for renting vs buying average quality furniture :
- 1 bedroom: 160 € / month – 3000 € minimum
- 2 bedroom: 210 € / month – 3500 € minimum
- 3 bedroom: 250 € / month – 4000 € minimum
- 4 bedroom: 280 € / month – 4500 € minimum
Where should I buy my furniture ?
Yes, no surprises here : IKEA is your best bet in Madrid if you are aiming at average quality furniture at great prices.
If you’re looking for design furniture and high quality, we can produce tailored luxury recommendations.
Where should I rent my furniture ?
We recommend in general Home Essentials: contact Douglas Simmons by clicking on the link, and my recommendation will come automatically with the email.
You will get an automatic 10% discount if you ask for the special Moving2Madrid offer, and put me (email@example.com) in copy.
If you need help to move to Madrid zen, do send us an email !
This post is also available in: French