The average price of second-hand housing in the Community of Madrid has dropped a 0,2%, until the 2.263 euros per square meter, although a 35,1% above the national average, whose price is 1.675 euros per square meter, according to a Fotocasa study. Madrid thus becomes the second autonomous community with the highest prices in the sector in April.
Of the 50 municipalities analyzed, 31 have experienced an increase: the sharpest increase occurs in San Lorenzo de El Escorial, with a growth of 6,8%, Boadilla del Monte, with a 3,9%, and Tres Cantos, with a 2,9%; while Villalbilla descends a 6,3%, Aranjuez a 3,3% and Brunete a 2,5%.
At monthly level, the neighborhoods of the city of Madrid that have suffered the greatest decrease in price are San Blas, with a fall of a -1,4%, and Barajas with a -1,2%.
The average price of second-hand housing in Spain accumulates a fall of -43,3% since it recorded its all-time high in April 2007 with 2.952 €/m2. In this sense, 12 Autonomous communities have falls higher than -40% since they peaked nine years ago. So, La Rioja is the community that has seen the price drop the most (-56,7%), followed by Navarra (-52,7%), Castilla la Mancha (-51,9%), Aragon (-51,4%), Murcia (-50,1%), Asturias (-46,9%), Valencian Community (-46,4%), Catalonia (-43,3%), Madrid (-43%), Cantabria (-42,1%), Estremadura (-41,3%) and Andalusia (-40,5%).