Despite the fact that nine of the 20 markets studied, including Madrid, are likely to register a decrease in the prices of prime properties this year, Knight Frank estimates that 20 of them will see stable or increasing prices next year, according to forecasts set out in its Prime Global Forecast Report for 2021.
In the case of Madrid, according to Carlos Zamora, Partner and Director of the Residential Division at Knight Frank, “the effects of Covid-19 have led to a milder scenario for the prime segment in Madrid than anticipated for the residential market as a whole, where prices are expected to vary by between -3% and -4%”.
Read the full article in Spanish.
