How are real estate prices in Madrid compared to other major European cities (ie Paris and London).?

I've heard prices are getting up there. Not as much as London, but certainly more so than Berlin. I've only heard this though, never seen figures in print, anywhere. Anyone commenting with info and/or experience in intl real estate is appreciated. Let me know some rough figures too, comparing prices in different districs (ie Ópera, Alonso Martínez, Principe de Vegara, etc) Peace.

Public Comments

1. 1. Spanish salaries are very low compared to the UK or Germany. 2. Spain has experienced a boom recently especially in property which means property prices are similar to the UK or Germany. It is crazy really - okay properties in okay areas in Barcelona costs about 200k Euros to 300k Euros. This is of the top of my head but a good guide. I would imagine therefore that renting prices have gone up as well especially Barcelona where Tourism competes for renting space. 3. As far for Barcelona, the old cheap days have gone. Menu al dia costs around 10-15 euros in the tourist areas when in the old peseta days you could pick something up easily for around 5/7 Euros. You can still find good deals but you need to know where you are going. 4. As far as I can tell - the Euro and EU have had partly succeeded in price convergence - so most stuff like Clothes i.e. H&M and Zara will be similarly priced too Germany. 5. Going out i.e. drinks and taxis will be a little cheaper but not by a huge amount.