Lucas Fox Spanish Real Estate Market Report / First half 2023 / Madrid City & suburbs
BUYER PROFILE
H1 2023, Source: Lucas Fox data
AGREED PRICE
Av. price 1,059,444
Av. discount
Av. price Y-O-Y
Madrid city Madrid suburbs
-3%
-16%
1,997,083
-6%
49%
Created sales contracts, average agreed price, average difference between asking and closing price, and annualised change in average agred price.
BUYER PROVENANCE
PURCHASE REASON AND PROPERTY TYPE
Madrid city
44% 33% 11% 11% 78% 22%
PRIMARY RESIDENCE SECOND HOME GOLDEN VISA UNKNOWN APARTMENT/PENTHOUSE HOUSE/VILLA
EU LATIN AMERICA OCEANIA NORTH AMERICA MIDDLE EAST EUROPE (NON EU)
66.7% 14.3%
4.8% 4.8% 4.8% 4.8%
Madrid suburbs
67% 17% 17% 83%
PRIMARY RESIDENCE SECOND HOME UNKNOWN HOUSE/VILLA APARTMENT/PENTHOUSE PLOT
8% 8%
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