Daily Archives: March 1, 2013

Second-hand flats in Madrid cost 54% less than during the ‘boom’. Interesting data

Second-hand property prices in the city of Madrid have depreciated 54% since the start of the housing crisis, according to a market report from the Madrid property second because of running out of new stock completed by the Tecnocasa index.  This collapse has left the cost of the square metre in the second half of 2012 at 1,818 euros, a lot less than the maximum reached in 2006-more than 3,900 eu