Real Estate Market Report 1H 2023 - LF

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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