Madrid —
Every major city worth its salt typically boasts its own luxury area: New York has Fifth Avenue, Paris has the Champs-Élysées and in Madrid an area known as the “Golden Mile” stands out.
“Golden Mile” is a network of streets located in the Spanish capital’s Salamanca district where some of the most exclusive clothing and jewelry brands in the world are concentrated. It is an environment that has attracted foreigners eager to invest in housing, and a large part of them come from Latin America.
“It’s like an open-air shopping mall,” Cristina Lanzarot, the director of the Salamanca Neighborhood Merchants Association in Madrid, with about a hundred premium stores in…