The arrival of the Spanish Grand Prix to Madrid is causing an extreme rise in tourist accommodation prices in the city. Luxury short-term rentals are increasing by up to 1,000%, with some apartments being advertised for values reaching 20,000 euros during the race period. This situation particularly affects the areas of Madrid and Valdebebas, where the sporting event is taking place. The phenomenon reflects the growing demand for luxury accommodation during major international sporting events, with owners taking advantage of the occasion to maximize their returns through prices charged during the Grand Prix weekend.
Sports
Spain: Formula 1 causes tourist accommodation prices in Madrid to soar up to 20,000 euros
Euronews Portugal10 September 2026 at 05:01
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