On Thursday, the Municipal Government of the Town Hall of Madrid agreed to establish a moratorium on the rental payments of the apartments owned by the Municipal Housing and Land Company (EMVS), which will benefit 6,000 families.
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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.
The map prepared by Brains RE using data from the Ministry of Development's index reveals the rental prices in each municipality in Spain; and they vary quite a lot compared to other indicators.
Homes sold during the first quarter of 2020 registered the highest prices seen in the last eight years, with an average of 1,747 euros per square metre; four autonomous regions accounted for 70% of the total sales volume.
The British investment manager is looking for a buyer for its real estate portfolio in Spain, which is valued at 700 million euros.
House prices in Spain grew slightly during the first quarter of 2020, whereby maintaining the upward trend registered over the last five years, although they were showing signs of peaking.