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The concierge's house is already a real estate business in Madrid: “Renovated, it generates around 1,000 euros a month for the neighbors”

In the capital, there are increasingly more communities that finance improvement works or other expenses in their buildings thanks to what they get from the sale or rental of these properties, previously reserved for those who took care of the estates.

Translated from Spanish Read in Spanish

The concierge's house is already a real estate business in Madrid: “Renovated, it generates around 1,000 euros a month for the neighbors”

It takes just 20 seconds of searching on any real estate portal to verify that in Madrid, even the doorman's house has become a real estate business. And it's becoming increasingly lucrative. In a building on Doctor Castelo Street in Retiro, an ad stands out that says "the former doorman's residence has been renovated and currently generates approximately 1,000 euros per month in income for the community".

In another property in Ciudad Jardín, the buyer takes with the apartment "3.32% of the former doorman's house": a penthouse that the community is renovating to rent out.

Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.

Read the original at elpais.com →

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