Multiple adjectives

[fglorca]

‘In Madrid there are a lot of serious social problems.’

Is the sentence below grammatically correct in Spanish? If so, is there another way of saying this in Spanish?

En Madrid hay muchos graves problemas sociales.

Many thanks.

[Rusty]

This topic has been covered before (http://forums.tomisimo.org/showthread.php?t=4158).

[fglorca]

Thank you, Rusty.