The Spanish housing market remained resilient in the first quarter of the year – despite a slight year‑on‑year slowdown. More than 178,000 homes were sold, the third‑best quarterly result since late 2007, although transactions fell 1.9%, according to the Property Registrars. Average prices climbed to a new high of €2,429 per square metre, up 8.9% year on year. Foreign buyers also stayed active, with almost 25,000 purchases recorded – the fourth‑highest figure on record, despite a 3.2% annual decline.

Strong demand for housing and limited supply are pushing prices up in Spain. According to the Tecnocasa Group Chair – UPF Market Analysis, resale prices rose 15.3% year-on-year in the second half of 2025, reaching €3,338/m² at year-end – comparable to early 2006, at the height of the housing bubble.

According to a study by idealista, 49% of the current supply of two-bedroom flats for sale in Spain is priced below the reasonable affordability threshold. In other words, they are within reach of a household on an average income that allocates no more than 30% of its earnings to mortgage repayments – equivalent to €805 per month.

House price growth across 55 global markets accelerated in Q3 2025, reports Knight Frank, with average prices rising 2.4% annually. Turkey, North Macedonia and Portugal led gains, while Finland and China posted the steepest declines amid easing monetary policy globally.

In 2025, 73.3% of Spanish households owned their homes, the lowest since 2004 and down 0.3 points from 2024. Ownership has fallen for three years in a row, dropping over 2.5 points since 2022. Rented households fell slightly to 20.2%, while households letting their homes rose to 6.5%, the largest increase among housing arrangements.

Spain continues to captivate foreign buyers seeking exclusive properties, particularly large homes with five or more bedrooms.

In the second half of 2025, 16.1% of the global working-age population had used an artificial intelligence tool at least once at work, pointing to growing adoption. However, usage varies widely by country, according to a Microsoft study. The United Arab Emirates and Singapore lead globally, with usage exceeding 60%, followed by Norway, Ireland, France and Spain, which also rank among the most advanced adopters.

Luxury housing enters the year marked by more selective buying and rising wealth creation. According to experts, by 2026, the premium residential market will be defined by more than the pursuit of prime locations or extravagant amenities.

Home sales in Spain surpassed 705,000 units in 2025, according to preliminary data from property registrars. This marks a 10.4% increase year-on-year and the highest number of transactions since 2008, at the peak of the real estate boom.

Housing prices in Spain’s urban areas are now 99% higher than in rural locations, according to idealista. The widest gap is in Madrid, where city prices exceed rural ones by 131%. Urban homes also cost at least double those in the countryside across five other provinces: Álava, Salamanca, Cáceres, Valladolid and Palencia.