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New Build Home Prices in Madrid Grew by 11% in 2020

The average ticket for new build homes continues to exceed and stand out compared to that for second-hand homes, something that has not happened since Q319, according to data from the Brains Re platform.

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In the fourth quarter of 2020, the average price of new-build homes in the municipality of Madrid stood at 4,546 euros per square metre, which represents a rise of 5% compared to the previous quarter. Meanwhile, the average ticket of a home for sale was 554,683 euros, according to data from the Brains Re platform.

In contrast, the price of second-hand properties reached 4,103 euros per square metre during the fourth quarter and the average purchase price stood at 501,625 euros.

Read the full article in Spanish.

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