Metropolitan areas drive up housing prices
Demand is moving away from the large capitals and seeking refuge in more affordable municipalities, driving up prices in Torrejón de Ardoz or Fuenlabrada, around Madrid, and Viladecans or Santa Coloma de Gramenet, in Barcelona.
Property prices are rising faster in metropolitan areas outside major cities in Spain. According to Tinsa by Accumin, prices in these areas increased by 17.3% annually in July, surpassing the growth rate in provincial capitals and large cities. In Madrid, Torrejón de Ardoz saw a 32.6% price increase, while in Barcelona, Viladecans rose by 26.7%. Many municipalities in the periphery now have higher prices than their respective capitals, with Alcobendas, Sant Just Desvern, and Getxo being examples.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
