Madrid’s shift from mass tourism to luxury travel is bringing record visitors and investment, but locals say soaring rents, short-term rentals and global chains are stripping the city of its character

Madrid’s shift from mass tourism to luxury travel is bringing record visitors and investment, but locals say soaring rents, short-term rentals and global chains are stripping the…

Rich foreigners eager to invest in housing are flocking to this exclusive district in what is being described as an “unusual” form of gentrification