Property market improves significantly in Madrid Region
According statistic data of the Ministry of Development, in Madrid Region have been granted between January and July 1,931 new building permits, this means a year-on-year growth of 42%. In addition, during the same period, 27,374 mortgages of houses have been approved in Madrid Region, a yearly increase of 4.4%.
Another data that boost the signals of good progress of the real estate sector in Madrid is provided by the Regional Government, which statistics show that the number of companies registered as part of the real estate sector have increased by 5% year-on-year. In total, more than 14,100 real estate companies are active in Madrid Region.
If we consider that the price per square meter in Madrid is the highest in Spain, we can conclude that Madrid is one of the Spanish regions with better growing potential in relation with the property market. The statistics are positive and the opinion of many experts is that this trend will continue in the same direction for the next years.