The number of residential property sales in Spain could reach 800,000 by the end of this year, accompanied by house price growth of up to 8%, according to Donpiso. Tecnotramit, meanwhile, forecasts around 750,000 sales and a price increase of between 4% and 6%.
According to data from Donpiso, the total number of residential transactions this year could reach 800,000 — almost 25% more than the 641,919 recorded in 2024. This growth, explained deputy managing director Emiliano Bermúdez, is being driven by factors such as limited supply and sustained demand pressure.
The company also notes that the average price of housing in Spain is expected to rise by 8% over the course of the year, fuelled by stable interest rates, pent-up demand and a shortage of new-build properties. The national average is projected to approach €2,000 per square metre, while in major cities prices could reach €4,000 per square metre.
The autonomous communities showing the strongest growth in residential demand will be Madrid, Catalonia, the Valencian Community and Andalusia, which together are expected to account for more than 50% of all home sales.
Donpiso highlights that “the shortage of affordable housing” and “the absence of structural policies” continue to be the main barriers to public access to the housing market and to the sector’s sustainable growth.
According to Bermúdez, meeting housing demand requires “a viable supply, affordable prices and legal certainty for homeowners” to address the current “housing crisis”, which he says has reached levels not seen since 2007.
Tecnotramit: the biggest brake on the market is the shortage of new builds
For its part, Tecnotramit, the real estate and mortgage management company, forecasts that the Spanish property market will close 2025 with around 750,000 sales and a price increase of between 4% and 6%. The firm also identifies the shortage of new housing as “the main brake” on the market.
Tecnotramit’s CEO, Vicenç Hernández, describes the current situation as a “bubble”, the eventual “bursting” of which would have “more serious social than macroeconomic consequences,” particularly for low-income households, leaving middle- and lower-income families in a difficult position.
The imbalance between housing supply and market demand, combined with population growth and the rise in single-person households, will continue to push both sale and rental prices upwards. Hernández argues that the solution lies in the creation of “a national housing supply and renovation plan.”