Following the decline in operations in the residential sector in 2020 as a result of the pandemic, Engel & Völkers predicts a 20% increase in house sales and the stabilisation of prices in Madrid during 2021.
Those were the main conclusions to emerge from the Madrid Market Report 2020-21, which forecasts that the upward trend in sales will be more marked during the second half of the year as some of the current uncertainties are resolved. Moreover, it expects the rate of recovery to vary by area and type of property.
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