House prices in Madrid are rising in contrast to most other major cities in Europe, a sign of a housing crisis that adds to the headwinds facing the Prime Minister. Pedro Sanchezcandidacy for re-election.
Residential property prices in Madrid rose 4.9% in May compared to the previous year, according to data from Idealista and the latest Bloomberg City Tracker. Rising interest rates and declining consumer purchasing power have caused declines in five of the eight cities monitored by the measure of urban real estate markets, but housing shortages in cities like Madrid keep pressure on the market. .