Thursday, August 13, 2020
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House Prices in Madrid Rise by More Than 45% in Five Years

The average home cost 295,927 euros in the Spanish capital at the end of March, compared to 165,280 euros on average in Spain.

During the first quarter of 2020 and fifteen days into the lockdown to curb the spread of coronavirus, the average house price in Spain stood at 1,747 euros per square metre and the average ticket paid per home was 165,280 euros. Both figures represented maximum values for the last 8 years, according to data from the Spanish College of Registrars collected by the Brains RE real estate big data platform.

In the case of the municipality of Madrid, the average transaction price stood at 3,418 euros per square metre, which represents a 10-year maximum. Meanwhile, the average ticket for a home purchase was 295,927 euros, which is very close to the peak of the historical series recorded in 2007 (297,748 euros) just before the housing bubble burst.

Read the full article in Spanish.

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