Madrid: residential property asking prices rise to December 2022
According to CASAFARI’s residential market report for the fourth quarter of 2022, produced using our Area Insights tool to analyse Madrid, Barcelona, Lisbon, Milan and Paris, asking prices for apartments for sale in Madrid rose by 8.1% compared with 2021. Contextualised in our price comparison across Lisbon, Madrid, Barcelona and Milan, this trend was driven by global supply chain disruptions, energy costs, and monetary policy shifts by the European Central Bank.
How to access the Q4 2022 Madrid residential market report
Download our full press release to discover further details regarding rental and sales prices in Madrid alongside forecasts for 2023, which are essential for tracking real estate market trends in Spain.
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Frequently asked questions
How much did property asking prices increase in Madrid in Q4 2022?
According to CASAFARI’s residential market report for the fourth quarter of 2022, asking prices for properties for sale in Madrid increased by 8.1% between October and December 2022 compared to the same period in the previous year. This metric reflects the asking prices listed across portals and agencies during that quarter.
What factors explain the rise in Madrid residential asking prices at the end of 2022?
The increase in asking prices towards the end of 2022 was driven by several global macroeconomic factors. Key among these were severe disruptions in international supply chains, persistent energy cost inflation, and monetary policy adjustments implemented by the European Central Bank.
Which European cities are covered in CASAFARI’s Q4 2022 residential market report?
CASAFARI’s Q4 2022 residential market report analyses asking price trends for both sales and rentals across five major European capitals: Madrid, Barcelona, Lisbon, Milan and Paris. The study compares data gathered during the fourth quarter of 2022 with the corresponding period in 2021.
Where do the asking and closing prices displayed by CASAFARI in Spain come from?
CASAFARI indexes asking prices from property listings published across numerous portals and agencies. In Spain, this information is complemented by closing price data sourced from the Notariado as well as transaction prices provided directly at corporate level by CASAFARI’s clients.
How can real estate professionals track neighbourhood-level property prices in Madrid using CASAFARI?
Real estate professionals can analyse asking and closing price trends by district and neighbourhood in Madrid using the Area Insights solution or the Comparables module. Furthermore, developers can integrate this data via the API detailed in the Area Insights technical documentation.