he British real estate agency Knight Frank published its annual analysis of the luxury housing market, 'The Wealth Report', in which Spain stands out as the second destination in Europe that attracts the most international capital in the field of high-end residential, only surpassed by France. Italy is third on the list, followed by the United Kingdom, Greece, Switzerland, Portugal, Croatia, Ireland and Germany.

In the Spanish market, Barcelona occupies ninth place in Europe and Madrid is fifth. The European list is headed by Monaco, followed by London, Paris and Berlin.
Globally, Monaco ranks first, followed by Hong Kong, New York and Singapore. Madrid is ranked 17th, after Dubai.

Prices in the Spanish capital rose by 6% in 2022, reaching close to 3,000 euros/m², highest since 2011, with a lower intensity than other cities such as Barcelona and Marbella (with increases close to 7% in both cases). For 2023, Knight Frank's forecasts point to another additional growth of 4%, placing Madrid in sixth place among the cities with the highest growth.

The growth experienced by high-end residential prices in Barcelona was the most pronounced since 2018, which reinforces the good situation in which the Catalan market finds itself, as well as its resilience in situations of economic uncertainty such as the one currently experienced.

Among other reports, Madrid and Barcelona are also among the best cities to invest in the real estate market this year, according to the report prepared by the consulting firm PwC and the Urban Land Institute (ULI), based on a survey of more than 1,000 real estate agents. sector (from banks to real estate companies and investment funds).

The great urban growth of these two cities, together with the lack of supply in the face of high demand in markets such as residential, and the quality of the logistics and office assets once again make them great candidates to continue climbing positions in the ranking. European and global.