Madrid: housing price per square meter by district 2023 | Statista

In the capital of Spain, which consists of 21 districts, not all areas meet the average price of 2,800 euros per square meter required to purchase housing in 2023. Madrid is home to some of the most luxurious neighborhoods in the country, among which the historic Salamanca district stands out — here, the cost of housing reaches almost 7,000 euros per square meter, making it the most expensive.

When it comes to renting, although the neighborhoods of Madrid show the highest prices for residential real estate, the capital is not the most expensive city for renters. The Balearic Islands have the lowest rental affordability, where a family needs more than...162%their total income. In second place is the city of Marbella in the Andalusian province of Malaga, with a figure exceeding156%from the total household income.

The revival of the real estate market in Spain occurred after a long period of sharp price increases.

Although the real estate market in Spain has significantly recovered, it still lags behind its European neighbors, essentially occupying the last position in the EMF housing price index, where the Czech Republic leads. Thus, Spanish investors are still anticipating further growth and improvement in the real estate situation, hoping for balanced development and higher housing value indicators in the future.