The arrival of Formula 1 in Madrid is creating a second race away from the track, with accommodation prices around the new MADRING circuit soaring as fans compete for places to stay.
In Valdebebas and nearby areas, some temporary rental listings have reached €20,000 for a week, while certain properties are being offered for several thousand euros for only a few nights during the Spanish Grand Prix weekend. The sharp increase reflects the huge demand surrounding Madrid’s first Formula 1 race in decades.
Valdebebas Becomes One of the Most Expensive Areas
Valdebebas, located close to the circuit and the IFEMA exhibition centre, has become one of the most sought-after locations for visiting F1 fans.
Reports in Spanish media found temporary rental prices of around €3,000 for three days, while some weekly stays have been advertised for more than €20,000. Premium properties have also appeared on the market specifically targeting visitors attending the Grand Prix.
One luxury rental in Hortaleza has been listed at €20,000, while another Formula 1-focused property has been advertised at €17,000.
Some Properties Command Thousands Per Night
The price surge has become even more striking for properties immediately surrounding the circuit.
LaSexta reported that some apartments near MADRING were being offered for as much as €8,000 per night during the race weekend. The report also raised questions about whether some of these properties have the appropriate tourist licences required for short-term commercial rentals.
Madrid authorities have been urged to inspect listings where owners may be operating without the necessary permissions. Under local rules, operating an economic activity without the appropriate licence can result in substantial fines.
Hotels Are Also Feeling the F1 Effect
The pressure is not limited to private apartments.
Hotel prices in Madrid have also increased as international visitors arrive for the September 11–13 race weekend. Official accommodation is available through the event's appointed provider, while the demand for hotels close to the circuit has made rooms increasingly valuable.
The official accommodation programme requires a minimum three-night stay for bookings covering the Grand Prix weekend, reflecting the scale and structure of demand expected around the event.
Madrid’s First F1 Race Drives Tourism Demand
The Spanish Grand Prix is being held at the new MADRING circuit, marking Formula 1’s return to Madrid for the first time since 1981.
The track is located close to Madrid-Barajas Airport and the IFEMA exhibition centre, giving visitors relatively easy access to both the circuit and central Madrid. Organisers expect large crowds throughout the race weekend.
The combination of an international sporting audience, limited accommodation near the venue and strong interest in the inaugural event has created ideal conditions for a short-term rental boom.
Premium F1 Experience Comes at a Premium Price
Accommodation is not the only part of the Madrid Grand Prix carrying a hefty price tag.
Official hospitality packages at MADRING range from around €1,300 to €5,000, depending on the package and number of days, while the latest official offerings start from approximately €1,650 plus tax.
For visitors determined to stay as close as possible to the action, prices can rise dramatically. One private property marketed specifically for the race is advertised at €22,500 for a three-night package, with the house located roughly 55 metres from the circuit.
A New Challenge for Madrid’s Housing Market
The rental surge highlights the economic impact that major sporting events can have on host cities, but it also raises questions about affordability and regulation.
For landlords, the Grand Prix represents an opportunity to generate exceptional short-term income. For local residents, however, the sudden concentration of high-priced temporary rentals could add pressure to an already competitive housing market.
As Madrid prepares for the first running of its new Formula 1 race, the event is already transforming the city's accommodation market. For some property owners near MADRING, the Grand Prix may prove almost as lucrative as the race itself.
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