Who Owns Madrid?

By Alice Nichols

Madrid, the capital of Spain, is a city with a rich and diverse history. From the Moors to the Spanish Empire, Madrid has been shaped by multiple cultural influences over the centuries.

But who owns Madrid now? Let’s take a closer look.

Madrid: A Brief History

Madrid was founded in the 9th century by the Moors, who ruled over much of Spain from the 8th to the 15th century. The city grew rapidly under Muslim rule, but it wasn’t until 1561 that Madrid became the capital of Spain.

After the Spanish Empire fell in the early 1900s, Madrid became a hub for artistic and intellectual movements. During this time, many famous writers and artists made their mark on Madrid’s cultural landscape.

The Spanish Government

The Spanish government is currently based in Madrid and has significant control over the city. The government is composed of three branches: executive, legislative, and judicial.

The executive branch includes the Prime Minister and various ministers who oversee different areas of government. The legislative branch consists of two houses: Congress and Senate. Finally, the judicial branch includes judges and courts that interpret laws and administer justice.

The Royal Family

Spain has a constitutional monarchy with King Felipe VI as its current head of state. The royal family’s official residence is in Madrid at the Palacio de la Zarzuela.

While they don’t have much political power anymore, they are still highly respected and influential figures in Spanish society.

Private Citizens

Of course, private citizens also own properties in Madrid. Many people from around Spain and other countries have purchased homes or apartments in Madrid to live or use as vacation properties.

Additionally, there are many foreign companies that have set up shop in Madrid or own properties there as part of their business operations.

Conclusion

In conclusion, it’s clear that Madrid is owned by a variety of people and entities. The Spanish government, the royal family, private citizens, and businesses all have a stake in the city’s ownership.

Whether you’re interested in history, politics, or just looking for a great place to live or visit, Madrid has something for everyone. And with its rich cultural heritage and diverse population, it’s easy to see why Madrid is one of the most vibrant and exciting cities in the world.