Conversely, weak performance might be tolerated when location or layout is scarce. Neighbourhood-level supply needs to sit beside the property attributes.
You may get more relevant suggestions if you define “near Madrid” by an acceptable journey time or particular transport connection. Would you consider somewhere outside the city itself, and is €657,800 the maximum purchase price or your target before other costs? Those two details could change...
I would not keep a single Madrid-wide headline until that is resolved. A €1,293,000 figure could make the snapshot highly sensitive to the price-band mix, especially if only a few listings sit there. At minimum, split the sample by neighbourhood and price band, then report listing count...
I’m not convinced reserves should automatically produce a discount. A building may have modest reserves without an identified major expense, while another may show more money but face costly work. The serviced-apartment element matters too: buyers may care more about operating performance and...
The asking price works out at roughly €3,966 per m², but I would not apply a simple citywide rate to such a large unit. Larger condos can have a different per-m² pattern from smaller ones, and five bedrooms may appeal to a narrower set of buyers. A floor-area adjustment should come from...
The buffer should survive an ordinary bad month, not merely an ordinary month. That is a better test than asking whether ₩45,540,000 sounds large in isolation.
The key distinction is whether “small multifamily” means you own the whole building or one unit within it. If it is the whole building, there is no shared reserve to protect you: roof, exterior and building systems ultimately sit with one owner. That offers control over timing, but also...