The I Housing Barometer of the Community of Madrid, conducted by GAD3 and Valdecarros Madrid, highlights that the vast majority of Madrid residents, 82%, aim to acquire a home for personal residence. Economic factors such as lack of savings, difficulty in affording down payments, security deposit costs, and insufficient income are identified as primary barriers.
“"There is broad demand, and half of the population considers housing construction very necessary."
Price is the most significant hurdle for nearly 60% of respondents in Madrid. For purchases, cost affects 56% of those impacted, while for rentals, it reaches 62%. This economic difficulty varies with age; among those aged 40 to 49, price is almost the sole issue (64%), but for those under 30, difficult access to mortgages and limited income are additional concerns.
The report also suggests that 44% of respondents would consider buying if public guarantees covered 20% of the down payment, potentially unlocking demand currently stalled by a lack of initial savings. Two out of three individuals under 49 expect to access housing in the Community of Madrid within five years, with first-time home buying being a priority for 31% of respondents, rising to 45% among young people aged 18 to 29.
The conventional apartment is the preferred option for 46%, especially among those aged 40 to 49, while smaller apartments gain popularity among those under 30 and those seeking to rent their first independent home. Despite these challenges, 89% of Madrid residents express high satisfaction with their current housing, although associated costs are the least valued aspect. Satisfaction is notably higher among homeowners (96%) than among renters (75%).
Regarding the residential environment, Madrid residents prioritize public transport (48%) and healthcare centers (40%), followed by local shops and green areas as key elements for quality of life.
