Evolution of housing prices in Madrid vs Spain
In recent years the price of housing in Madrid has been increasing strongly. This upward trend has placed the city in sixth position in the Ranking of the most expensive cities in Spain . But, how did it get here? Does the price of housing in Madrid follow the same trend as in the rest of Spain? Has it been more expensive than now at any other time in history? Let's see it.How much is my house worth?
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Madrid vs Spain
How are we going to confront the capital of the country with its country? It seems like a joke headline, but everything has an explanation. In this entry we want to compare the evolution of housing prices in Madrid with the evolution in Spain . See if historically it has followed a similar evolution or, on the contrary, Madrid is not a reliable indicator for studying housing prices in the rest of Spain. All this, in order to analyze the reason for the rise in prices in the Spanish capital. To do this, on this occasion, we will focus on the Tinsa report on the evolution of housing prices in Madrid and Spain. Will it be enough to give us an answer?
Recommended reading: Sell an apartment in Madrid: Two cities in one
Historical tour
As you can see in the following image, in general terms the price of housing in Madrid Romania Mobile Number List has followed a similar trend to that of Spain . This makes all the sense in the world. As the country's capital and most populated city, the effect of the 2008 real estate crisis affected housing prices in the same way as in the rest of the country.
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house price in Madrid
Comparison of the evolution of housing prices between Madrid (above) and Spain (below). Source: Tinsa
From the late 90s to 2007, prices in both Madrid and the rest grew until they reached their peak . They then suffered a devaluation until reaching their lowest point in years in the first quarter of 2015 . And it is from this point where the most graphic differences are observed. While the price of housing in Madrid has increased in value substantially in a few years, in Spain as a whole the growth has been much slower. Does this have any explanation? Let's see if the next section gives it to us.
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