Barcelona surpasses Madrid in real estate investments
The prices of both old and new built properties in the two cities are high.
Barcelona surpasses Madrid, as the main destination for real estate investments.
The well-known city becomes the favorite destination of real estate investors, gathering an investment volume of €2.974 million, with an increase of 110%. Madrid has raised €2,073 million in 2021, a rate 38% lower than in 2020.
Meanwhile, the prices of both new and old real estate properties are rising. According to provisional statistics, the average price in 2021 increased by 4.3% to €1,470 per sqm with housing becoming more expensive in the two largest markets -those of Madrid and Barcelona-, although in the Spanish capital the pace was more intense.
Specifically, residential properties in Madrid was 10.5% more expensive in the fourth quarter of 2021 compared to the same period last year, while in Barcelona the percentage falls to 4.8%.
In the annual balance, house prices have risen by an average of 5.8% in the Spanish capital, double that of Barcelona, where the rise was 2.9%. With these data, the average price in Madrid is €3,127 per sqm, while in Barcelona at €3,310 per sqm.