{
  "id": 16359707,
  "title": "Madrid: la escalada se desacelera, pero el precio sigue en máximos",
  "url": "https://urgent.news/2026/10/24/madrid-la-escalada-se-desacelera-pero-el-precio-sigue-en-maximos",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-24T17:20:14.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/inmobiliario/mercado-inmobiliario/2026/10/24/madrid-escalada-desacelera-precio-sigue-maximos.html"
  },
  "original_language": "es",
  "account": "The demand for real estate in Madrid is showing signs of slowing down, however, prices continue to hit record highs. In the third quarter, the cost of a square meter in the capital rose by 12.9% compared to the previous quarter, reaching 4,765 euros. The most significant price increases were recorded in the districts of Centro, Moncloa, and Chamberí. The Madrid property market is beginning to display a shift in this second half of the year.\n\nDespite the overall rise in prices, the metropolitan area has stopped leading the surge, as it had in 2025 and in 20 other capitals where real estate prices are increasing at a faster pace. Some of the hottest markets include Soria (22.9%), Albacete (19.9%), Santander (17.4%), Ciudad Real (16.2%), and Oviedo (16.0%).\n\nCristina Arias, director of Studies at Tinsa by Accumin, explains that despite the resilient employment rates and high savings rates, which are still above long-term averages, residential demand is generally moderating due to rising inflation caused by the conflict in the Middle East, interest rate hikes, and limited access to housing. This difficulty in accessing property is particularly relevant in Madrid, where the average buyer's disposable income is now consuming 66% of its income, significantly above the considered reasonable threshold of 35%.\n\nThe high and successive price increases in Madrid, combined with recent interest rate hikes and a lower profitability differential with public debt, have moderated the appeal for investors. However, the capital still attracts capital due to expectations of future returns. These factors are causing a slowdown in demand and residential price growth, despite the prices still increasing at a notable rate due to the scarcity of supply.\n\nMadrid has once again become the second most expensive city in the world for purchasing property, after San Sebastián, which surpassed the 5,000 euros/m² barrier. Barcelona, Palma de Mallorca, and Bilbao follow in the top five. A 90-square-meter flat in Madrid currently costs an average of 428,850 euros, placing the capital as the second most expensive city, trailing behind San Sebastián.\n\nDespite the moderation in the city, all districts increased their prices in the third quarter, with the exception of Centro (9.5%) and Moncloa-Aravaca (9.7%). Chamberí even showed a more modest increase at 11.6%. These districts have prices well above the Madrid average. Chamberí, for example, costs 6,417 euros/m², while Puente de Vallecas, the most affordable area, reached 3,024 euros/m². Price surges are occurring in eastern Madrid and the northern zone, with areas such as Retiro and Puente de Vallecas representing both high and low-end markets. Even premium districts like Salamanca and Chamartín experienced significant price increases, although Chamartín's rise has slowed down compared to the previous quarter.\n\nArganzuela, which saw a late surge in price increases late in 2025, stands out as the district where price rises accelerated the most, from 12.6% in the second quarter to 15.1% in the third. This area is currently undergoing a significant urban regeneration plan, featuring new constructions and renovations of historic properties. These figures indicate that the Madrid market remains strong, but with varying growth rates across different areas. However, the trend of price moderation is also evident across the broader Community of Madrid, where property prices rose by 13.1% interanually (up from 16.7% in the previous quarter). According to Gonzalo Bernardos, an economist and director of the Real Estate Master's program at the University of Barcelona, the coming year may see fewer buyers due to high interest rates and uncertainty, but prices are not expected to fall overall. However, premium areas of Madrid and Barcelona may need to adjust expectations, as these markets are significantly inflated, and homeowners will have to modify their expectations, Bernardos adds.",
  "summary": "El metro cuadrado se encarece en la capital un 12,9% en el tercer trimestre , frente al 15,5% del trimestre anterior, hasta los 4.765 euros. Los menores avances se registran en Centro, Moncloa y Chamberí. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}