Madrid leads European house price gains with double-digit surge
Housing shortages are fuelling dramatic price increases in some of Europe’s major cities, and Madrid is leading the pack with a jump of almost 11 per cent 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.
Bloomberg
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