CogniCurrent

COGNICURRENT

Jan 16 • 04:30 UTC • 🇪🇸 Spain • El País

The real estate paradox of Madrid: the same apartment in a new neighborhood without services costs 130,000 euros more than in an established neighborhood

Madrid's real estate market shows a paradox where new apartments in underdeveloped areas are significantly more expensive than established neighborhoods due to aspirational values associated with future development.

#madrid #real estate #housing market #urban development #cost of living
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