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New Build Homes Unscathed by Covid in Madrid and Barcelona

The price of new build homes amounted to 3,663 euros/m2 in Madrid and 4,480 euros/m2 in Barcelona in June, representing an increase of 1% since December in both capitals.

Viviendas en construcción en Madrid cuatro torres amenabar 1024x575 1
PHOTOGRAPH DAVID VICENTE 

The average price of new-build housing stood at 3,663 euros per square metre in Madrid in June, representing an increase of 4.2% compared to a year earlier and of 1% compared to December. Meanwhile, Barcelona was the provincial capital with the highest new home price at 4,480 euros per square metre, up by 4% in interannual terms and by 1.1% compared to December, according to data from Sociedad de Tasación.

In the Madrid metropolitan area, there was a 2.9% average increase in prices compared to the previous year and a 0.8% increase compared to December to 2,039 euros per square metre, well below the average figure recorded in the capital.

Read the full article in Spanish.

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