The real estate market in the Community of Madrid experienced a 2.5% decline in March compared to the same month last year, according to data from the National Statistics Institute. A total of 7,193 transactions were recorded, a decrease slightly higher than the national average of 2.2%.

Despite the year-on-year drop, the 7,193 transactions in the region represent the fifth best historical result for a March month. The month-on-month comparison also shows an improvement, with an advance of 0.47 points compared to February.

Of the total operations, 6,797 were for free housing and 396 for officially protected properties. Regarding age, 1,512 transactions involved new homes, while 5,681 were on used homes, highlighting the structural weight of the second-hand market in Madrid. New construction remains limited by scarce supply and high development costs.

The total number of housing operations in March reached 12,673, including 7,193 sales, 2,472 inheritances, 266 donations, and 12 exchanges.

In the urban property sector, 21,140 properties were transferred in March, of which 12,613 were sales. Rural properties recorded 598 transmissions, with 226 sales.

Nationally, home sales decreased by 2.2% in March. Castilla-La Mancha led regional growth with 11.5%, followed by Navarra and La Rioja. On the other hand, Cantabria saw the largest drop (-15.39%), followed by the Basque Country and the Canary Islands.