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Luxury House Prices in Madrid Will Grow by 3% in 2021

Knight Frank's Prime Global Forecast Report for 2021 explains that this is due to the existence of low interest rates, pent-up demand, tax holidays and strong market fundamentals.

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A luxury home from ARK Architects.

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.

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