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Sun. Jul 14th, 2024

Madrid leads European house price increases with a double-digit increase

By Vaseline May26,2024

Housing shortages are driving dramatic price increases in some of Europe’s major cities, with Madrid leading the way with an increase of almost 11 percent year-on-year.

Even with interest rates at their highest point in recent years, housing in the Spanish capital is on the rise, according to the Bloomberg City Tracker, driven by locals desperate to get into the housing market before it sells out completely and investors are looking are in terms of returns.

Bloomberg

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