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The Price of Prime Homes in Madrid Fell by 3.5% in Q3 2020

The price of this type of residential asset is expected to decline by 4% in total by the end of the year and to grow by around 3% in 2021, according to the consulting firm Knight Frank.

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During the third quarter of the year, Madrid registered a 3.5% decrease in the price of prime homes compared to the same period a year earlier, and a drop of 1.6% compared to the previous quarter, according to a study carried out by Knight Frank.

Before the Covid-19 outbreak, Madrid was ranked among the top ten cities in the world in terms of the evolution of the price of prime homes, with a 4.6% year-on-year increase in the price of this type of residential asset in the first quarter.

Read the full article in Spanish.

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