Madrid province · report
People and new homes in Madrid province
In 2024 the population grew by 102,333 while 23,464 homes were finished: 4.4 new residents for every new home.
- New residents per new home, 2024
- 4.4
- Population change, 2024
- +102,333
Population change and homes finished in Madrid province
The population's yearly change, net migration plus births minus deaths, against homes certified complete. INE and MIVAU.
Population change
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| Year | Population change |
|---|---|
| 2024 | 102,333 |
| 2023 | 135,732 |
| 2022 | 128,545 |
| 2021 | 18,313 |
Homes finished
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| Year | Homes finished |
|---|---|
| 2024 | 23,464 |
| 2023 | 14,624 |
| 2022 | 17,043 |
| 2021 | 18,168 |
Year by year
| Year | Net migration | Births minus deaths | Population change | Homes finished |
|---|---|---|---|---|
| 2021 | +16,804 | +1,509 | +18,313 | 18,168 |
| 2022 | +128,738 | −193 | +128,545 | 17,043 |
| 2023 | +134,079 | +1,653 | +135,732 | 14,624 |
| 2024 | +100,971 | +1,362 | +102,333 | 23,464 |
Births and deaths are INE's, by place of residence; net migration counts moves to and from abroad and the rest of Spain, and INE publishes it from 2021. Homes finished are completion certificates. A home houses a household, not a person: two or three new residents per new home is roughly one home per new household.
Other reports for Madrid province
At the average appraised value, a 90 m² home costs €368,064. With 10% down and a 30-year mortgage, the payment is €1,404 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 36%
- Payment, one income
- 72%
2.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 19,301
- Per 1,000 residents
- 2.7
Buyers living abroad bought 1.4% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 1.4%
Appraised values have fallen by 3% or more 3 times since 1995. The deepest began in Q4 2007.
- Deepest fall
- −34.1%
- Recovery from the low
- 129 months
6.3% of the 2,956,941 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 6.3%
- Empty homes
- 187,586
In 2025, 6% of the homes authorised were in existing buildings: conversions, extensions and changes of use.
- Homes in existing buildings, 2025
- 6%
Public bodies signed €218.9M of housing works here in 2025, and €810.7M since 2017.
- Signed in 2025
- €218.9M
- Per resident, 2025
- €31