Indicator Reports

Indicator Reports

Residential Market Barometer No. 5

MARCH 2022

Fifth issue of the report on the Residential Market Barometer

In this fifth issue, we highlight the ongoing rise in house prices in Madrid and its suburbs, as well as the shift from stagnated prices to growth in the municipality of Barcelona.

 

We publish this document to shed light on the current state of the residential market. You can download it here:

The macroeconomic variables and their previous adjustments point to a sustained growth in the Gross Domestic Product and a drop in the Unemployment Rate. As for the changes in the real-estate market, growth is sharper in the amount of household credit and the number of houses sold.

As for the potential property bubbles warned by some media outlets and European organisations, we believe that these will not affect Spain, but do concern some European countries like Germany and Austria.

Metropolitan Area of Madrid

The average market price for residential properties in the Metropolitan Area of Madrid (MAM) reached €2,422 per square metre in December, and in the municipality of Madrid up to €3,308 per square metre, showing a constant upward trend in the city, with a 2.0% rise, as well as a remarkable increase in the metropolitan area. This rally is due to the constant increase in most towns in the metropolitan area of Madrid, except for Alcorcón, whose growth seems to have stabilized.

Metropolitan Area of Barcelona

The average market price for residential properties in the Metropolitan Area of Barcelona (MAB) reached €2,494 per square metre in December, and even €3,547 per square metre in the city of Barcelona. This quarter, the municipality of Barcelona turned positive with a 1.60% increase. On a quarterly basis, several towns in the metropolitan area moderated their growth and even showed a slight adjustment of the average house price.

Download the report on the Residential Market Barometer Evolution of House Prices In the Metropolitan Areas of Madrid and Barcelona, here:

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