Where is the optimal area to invest in the current market landscape? Will the market experience a downturn soon? Can we expect Madrid to maintain its growth trajectory in the upcoming years?
Recent data showcases a notable 5.3% rise in property values in Madrid during just the last quarter, with forecasts predicting continued growth over the next three years.
At Cherry Host, we diligently track market trends, leveraging diverse information sources. The latest insights from Idealista reveal a significant 5.3% increase in Madrid’s apartment prices over the previous quarter, closely followed by Valencia. This mirrors the broader Spanish market, where an overall 7% annual increase in average price per square meter has been observed, though Madrid notably surpasses this with a staggering annual growth of over 20%.
Despite the continuous ascent in property prices across Spain, the magnitude of future increases may moderate. However, robust growth is still anticipated across the market.
We aim to deepen our market understanding by incorporating data from PWC’s 2024 report, which identifies key cities poised for real estate investment. The report places Madrid alongside London and Paris in its Prospect index, highlighting these cities as prime investment locations. Further comparison by a recent KnightFrank study illustrates the relative affordability of luxury apartments in Madrid compared to these cities, revealing that one could acquire significantly more square footage in Madrid for the same investment.
The economic backdrop is also promising, with Spain’s GDP showing steady growth and the influx of over 80,000 foreign nationals into Madrid in 2023 alone—a testament to the burgeoning demand for housing in the region.
Given these dynamics, the real estate market in Madrid offers a compelling case for investment. At Cherry Host, specializing in real estate investment in Madrid, Malaga, and throughout Spain, we have been integral to over 400 successful projects. If you’re considering an investment in this vibrant market, our team at Cherry-Host Invest is ready to guide you every step of the way, ensuring a well-informed and strategic investment decision.
For personalized investment guidance and to learn more about opportunities in this dynamic market, feel free to reach out to us. Our experts at Cherry-Host Invest are eager to assist you with your real estate investment needs.
