Lucas Fox Spanish Real Estate Market Report / First half 2023 / Madrid City & suburbs
MADRID CITY & NW SUBURBS SALES INDEX BASE = Q1 2019 Source: MITMA
MADRID CITY
97.2
100%
SALES
50%
150%
Q1 sales 10,095
Y-O-Y -20%
Trend
MADRID CITY NORTHWEST SUBURBS 10,095 1,350
Q1 sales in Madrid city and the northwest suburbs favoured by upmarket buyers fell significantly more than the national average, ending the quarter below 2019. Sales in the suburbs, in particular, have retrenched with the end of the pandemic.
MADRID NW SUBURBS
100%
87.8
50%
150%
Q1 sales 1,350
Y-O-Y -32%
Trend
Madrid NW suburb municipalities analysed: Alcobendas, Boadilla del Monte, Colmenar Viejo, Majadahonda, Pozuelo de Alarcón, Las Rozas de Madrid, San Sebastián de los Reyes, Villaviciosa de Odón
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