Madrid's prime real estate market isn't understood by simply reading prices. It's understood by understanding the city itself. Two properties with the same usable floor area, in the same neighborhood, can have a price difference of 40%. This isn't a market error; it's information that the untrained buyer doesn't know how to interpret.
This pillar brings together the factors that truly drive value in Madrid's prime market. The quality of the building takes precedence over the quality of the apartment. Orientation and floor level are key structural variables. The actual condition of the property is very different from "new build" or "needs renovation." And the demand patterns of the prime buyer are distinct from those of the average buyer.
This pillar is one of the four that make up the Madrid Prime Real Estate Market Knowledge Center, where we gather the criteria that an international investor needs before entering the market.