Real Madrid are nearing the end of a €1.2 billion (£1bn/$1.24bn) renovation project, with the hope of further monetising the stadium when it is not in use for football by making it available for other major events - like the Taylor Swift gigs. But while a lot of new-build stadiums, particularly those in the United States, are out of town developments without residential areas in close proximity, the 77-year-old Bernabeu is right in the middle of a heavily populated area, surrounded by apartment buildings and domestic homes to the north of the city centre.