In the current economic landscape, where housing represents both a fundamental element for social stability and a crucial financial asset, monitoring and analyzing reports on the evolution of housing values acquire an unparalleled relevance, therefore GLOVAL Analytics performs a quarterly analysis in the so-called Residential Market Barometer report, where the behavior of residential market values in the Metropolitan Areas of Madrid and Barcelona. In addition to presenting a brief overview of the economic context and the situation of the real estate market.

Evolution of housing value in Madrid and Barcelona (€/m2)

The unit values of housing maintained positive annual growth in the main municipalities of Madrid and Barcelona, as well as in their respective areas of influence. The quarterly variations also maintain growth, except in the Madrid area of influence, where a slight decrease of -0.5% was observed.

If we take a closer look at the Madrid area, all municipalities maintain a positive evolution of the unit value of housing. The municipalities of Las Rozas de Madrid and Alcobendas continue to be leaders in the increases, with the municipality of San Sebastián de los Reyes now joining them. The annual evolution of the average unit value of Madrid is +6.0% and that of its area of influence is +5.1%. In this quarter we note slight quarterly setbacks in nine of the municipalities that could point to a slowdown in the value of housing.

The municipality of Barcelona maintained the annual growth of its average unit values, with an increase of +4.0%, up on December, which stood at +2.6%. As for the municipalities in its area of influence, although most of them reported increases, there was a slight decrease in El Prat de Llobregat and Montcada i Reixac, and a slightly more pronounced decrease in Sant Adrià de Besós. Overall, the average increase in the metropolitan area is +2.3%.

This quarterly report contains, in a visual and attractive design, the keys to the macro environment, the analysis of the real estate segments, as well as an in-depth analysis of certain current issues in the sector.

Housing affordability. Spain. Ratios S/Gross disposable income

In years, as can be seen in the graph, it is currently close to 8 years, a level similar to that recorded in the first quarter of 2005, while if measured as a percentage of income, it currently represents 36.1%, on average for the last 20 years.
If measured as a percentage of income, it currently represents 36.1% of income, the average for the last 20 years. These values will probably increase in the short and medium term.