The development land market has borne the full brunt of the financial and real estate crisis. The value of development land plummeted in value between 2008 to 2013, and it was in mid-2014 when we started to see things improve. The land market picked up in 2015, and is now back on developers and investors’ radars once again. The number of serviced development land transactions has risen, which has pushed average prices per sqm up by as much as 12% in some developments in the north of Madrid.
Source : Knight Frank