Madrid Leads European House Price Gains With Double-Digit Surge
- Prices jumped almost 11% in April compared with a year earlier
- Property shortage is particularly acute in the Spanish city
This article is for subscribers only.
Housing shortages are fueling dramatic price increases in some of Europe’s major cities, and Madrid is now leading the pack with a jump of almost 11% year-on-year.
Even with interest rates at multi-year highs, residential property is booming in the Spanish capital, according to the Bloomberg City Tracker, driven by locals desperate to get on the housing ladder before they are completely priced out and investors looking for returns.