Real Estate Reports

Real Estate Reports

Residential Market Barometer Num. 5

MARCH 2022

Analysis of the second quarter of 2021

GLOVAL Analytics publishes its fifth issue of the report on the Residential Market Barometer. This quarterly issue monitors the behaviour of house prices in the Metropolitan Areas of Madrid and Barcelona. 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.

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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.

Evolution of house prices in Madrid and its metropolitan area

The city of Madrid continues to show growth in housing prices, with an annual increase of 2.0%, placing the unit price at €3,308/m². Its metropolitan area has the highest growth, with an annual variation of 7.0% and an average unit price of 2,422 €/m². The municipalities of Pozuelo de Alarcón, Boadilla del Monte, Las Rozas de Madrid, Tres Cantos and San Sebastián de los Reyes stand out. Alcorcón is the furthest behind.

Evolution of house prices in Barcelona and its metropolitan area

In the fourth quarter of 2021, Barcelona is already in annual growth territory, standing at 1.6% and an average unit price of 3,547 €/m². The metropolitan area also has positive figures, with annual rises of 2.7% and an average unit price of 2,494 €/m². The municipalities of Sant Adrià de Besós, Sant Joan Despí and San Cugat del Vallés stand out. The worst performers are Cornellá de Llobregat, Badalona and L’Hospitalet de Llobregat.

You can download the fifth edition of the Residential Market Barometer report here:

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