According to data from the National Institute of Statistics, the year-on-year drop in Madrid was 3%, contrasting with the 0.51% recorded nationwide. Despite this difference, the rate of decline in the region significantly moderated compared to January, when the contraction was much larger.

The housing market in the capital was characterized by the predominance of free-market and second-hand homes. Of the 6,716 operations, 6,362 corresponded to free-market properties, while only 354 were subsidized housing. Likewise, 5,243 transactions involved existing homes, compared to 1,473 new constructions, highlighting the scarcity of new builds.

Beyond sales, real estate activity in February included a total of 11,191 housing operations, adding inheritances, donations, and exchanges. Expanding the analysis to all urban properties, Madrid transferred 19,248 in total, of which 11,973 were sales and the rest were distributed among inheritances, donations, and other mechanisms.

Nationally, the real estate market showed a general cooling, with a 0.5% year-on-year decrease in housing sales, totaling 59,689 operations. This marks the second consecutive month of setbacks in Spain, affecting both free-market and subsidized housing, though with variations across different autonomous communities.