Market report 2015Madrid

www.john-taylor.com

SUMMER 2014 150TH ANNIVERSARY EDITION

Luxury Real Estate since 1864

www.john-taylor.com

John taylor MadridCalle Lagasca 65

28001 Madrid+34 91 781 06 91

madrid@john-taylor.com

John Taylor Madrid

IntervIew

Map

Iván BarrondoMANAGING DIRECTOR

MADRID

Iván, Spain has always been a top destination for High Net Worth Individuals, how would you describe Madrid?

Stylish and full of charm are words that essentially defi ne the Spanish capital.Located in the centre of the Iberian peninsula, its fl ourishing cultural scene, variety of cuisines, palaces and the diversity of its shops make

Madrid an attractive destination. The neighborhoods of Madrid give a fl avor like no other and feature both a modern and old style architecture. Madrid off ers an infl uential cultural scene and boasts museums of international acclaim. With all of the infrastructure and services of a European capital, Madrid ensures a high standard of living.

How did the market perform in 2014?

There has been years of declining prices and acute pain and distress. Nevertheless in 2014 average prices started stabilising which shows that we can fi nally sense a slight feeling of “optimism”. This is why we see potential buyers eager to purchase, as the rate of decline seems to be moderating. Foreign investors have also started to return to the Spanish property market since the crisis hit in 2007. The Golden Visa scheme, which came applicable in 2013, and the expected price revaluation, have resulted in an increased interest of foreign buyers.

In your opinion how will the market evolve in 2015?

We believe that we have bottomed out in prices in 2014 and we hope that this will be the beginning of a change of tendency due to 2 main reasons: The fi rst reason is that demand from both national and international buyers has actually increased (more than the actual current supply). The second reason being that banks are starting to give out more fi nancing, and mortgage interest rates are signifi cantly low. The current prices on the market are also 30% to 40% lower than back in 2007 meaning that this is a crucial moment for investors to focus on real estate in Madrid.

Key MarKet InforMatIon

natIonalIty of Buyers

MaIn advantages of BuyIng or ownIng a property In MadrId

salamanca Chamberí Chamartín Centro pozuelo/aravaca

price per m2 apartments*

6 000 € 5 000 € 4 500 € 4 500 € 3 150 €

price per m2 villas*

4 500 € - 5 500 € - 3 750 €

Market price evolution (2014)*

0,3% 1,4% 2,8% 4,6% 1,7%

evolution of demand (2014)*

ä 30% ä 20% ä 15% ä 10% ä 20%

listing discount (difference between price of mandate / sale price)*

12% 10% 15% 12% 16%

average time on the Market (Months)*

8 9 9 10 10

Spanish 52%

South American 20%

European 18%

Asian 8%

Arab 2%

International educationStrong tax benefits

Economic, financial and cultural heart

of Spain

Golden Visa Scheme

*estimate depending on location, view and amenities

JOHN TAYLOR MADRIDCalle Lagasca 65 - 28001 MADRID

Tel.: +34 91 781 06 91 • madrid@john-taylor.com

www.john-taylor.com

AIX-EN-PROVENCE • bROOklyN • CANNES • dOhA • COURChEVEl • GENEVA • GSTAAd • lONdON • mAdRId • mAlTE • mAURITIUS • mEGEVE • mERIbEl • mIAmI mIlAN • mONACO • mOSCOW • NEW yORk • PAlm bEACh • PARIS • ST-JEAN-CAP-FERRAT • ST-PAUl-dE-VENCE • ST-TROPEZ • ThE hAmPTONS • VAlbONNE

property seleCtIon

Property with parking located in a palace building in the heart of the Almagro area. Its surroundings offer an oasis right in the city centre, a home that offers peace and tranquility.

300 m2 3 3 1,9 M €

Madrid · Barrio salamanca · CastellanaThis luxurious refurbished bright apartment with great views is located in one of the best areas of Barrio Salamanca. This spacious apartment is ideal for a large family.

394 m2 5 5 2,6 M €

Madrid · Centro · palacio Madrid · Barrio salamanca · recoletosRefurbished with the highest standards this pied á terre with parking is located in the heart of the Golden Mile. Luxury offered in an exclusive location.

130 m2 2 2 1,17 M €

Madrid · Centro · palacioA dream home located in the outskirts of Madrid. Spacious, bright with large windows that look out to the spectacular garden making this property truly unique.

794 m2 6 6 4,3 M €

A sophisticated modern three floor attic apartment completely refurbished in 2002 in a building dating back to 1910 keeping its historical elements such as the staircase, elevator and beautiful classic façade intact.

436 m2 4 3 2,1 M €

Unique palatial residence from 1675 located in the historical part of Madrid. This fully restored and representative property has three parking spaces in the adjacent building.

894 m2 5 5 6 M €

Madrid · Chamberí · almagro

Madrid · aravaca · valdemarín

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