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Madrid Luxury Home Prices Accelerate Upward 8 Percent in 2018

May 10, 2019 / Monsef Rachid

Global real estate consultant Knight Frank is reporting that the average home price in Madrid declined 30% in peak-to-trough terms following the financial crisis of 2008, but now sits 46% above the market low reached in Q3 2012. The recovery of Madrid's prime residential market gathered pace at the end of 2016 and since early 2017 Knight Frank's Madrid Prime Residential Index has outperformed our 43-city average with luxury prices accelerating 8.1% in 2018.