Latino millionaires have settled in Madrid. Private banking has started opening branches only for them.

All the cities of a certain size have certain neighborhoods in which the density of wealthy people exceeds the average. In the case of Madrid that neighborhood has traditionally been the neighborhood of Salamanca, and of this is witness the type of housing that, by surface and qualities, has been built in it. That real estate value, has turned the central neighborhood of Madrid into the new destination for the Latin American millionaires, who do…