Housing prices

The average property price in Spain has increased by 9.2% year-on-year, reaching €2,237 per square metre, according to the latest idealista report. While some autonomous communities and cities far surpass this figure, property does remain affordable in some areas.

The Keller Williams real estate network reports that, in 2019, the year before the onset of the coronavirus pandemic, purchasing a luxury home cost around €1.5 million.

Buying a home in major cities has become an almost impossible task. Saving the minimum 20% deposit required by banks for a mortgage is challenging, especially in cities with soaring rents like Barcelona.

House prices show no signs of slowing in the short term. According to economic and real estate experts, the upward trend is accelerating due to strong demand, improved economic prospects and falling interest rates.

Spain is strengthening its position as one of the leading destinations for real estate investment in the European Union, with Catalonia emerging as a key hotspot. In particular, foreign investors are increasingly drawn to the region’s high-end and luxury property market.

The average house price in Andalusia closed 2024 at €2,318/m², the highest on record and 11.5% higher than in the same month of 2023, according to the latest idealista price report.

Valencia is a city steeped in history, renowned for its Mediterranean lifestyle that appeals to many. However, the capital of the Turia also offers luxury and exclusivity, being home to some of Spain’s most sought-after areas.Are you curious about Valencia's most expensive neighbourhoods?

House prices are expected to rise further in 2025, a trend predicted by real estate experts and anticipated by the general public.According to the latest survey conducted by ING Consumer Research, over 70% of Spaniards expect house prices to increase over the next 12 months.

Málaga frequently appears in various online studies and surveys and is often celebrated as one of the best cities to live in in the world. While such claims may seem exaggerated, there is no denying that the city boasts an enviable climate, enjoying approximately 300 sunny days a year.

Nearly half of those searching for a home on the market are focusing on properties priced up to €210,000, according to a recent relative demand study conducted by idealista during the last quarter. A significant portion of residential stock in the provincial capitals falls within this price range.

The luxury housing market in Spain has experienced significant growth in recent years, driven by rising demand for exclusive properties and the appreciation of real estate in some of the country’s most desirable locations.

Housing prices in Spain have risen by over 3% this summer and are expected to increase further in the coming months, according to the latest reports from Sociedad de Tasación and Tinsa, two key players in the appraisal sector. Both companies indicate that average prices for new and used housing hav

The housing market is gearing up for increased demand and further price rises.

Every one of Spain's 50 provinces has at least one property listed for over €1 million on idealista, but their distribution is uneven. Notably, the provinces of Malaga, the Balearic Islands, Madrid, Alicante, and Barcelona account for 79.6% of all such properties.

Spain's luxury real estate market is thriving, attracting affluent buyers with its stunning properties and prime locations.

The average house price in Spain continues to rise, and the rate of increase is accelerating. According to the Real Estate Registry Statistics from the Association of Registrars, the average house price accelerated in Q2 2024, rising by 2.9% to €2,057 per square metre, up from 0.8% in the previous

The top 10% of homes with the highest prices in each market represent its most exclusive segment.

The consultancy Gloval has presented the "VIII Barometer of the Residential Market of Andalusia". The report highlights that at the end of the second quarter of 2024, Cadiz and Malaga stood out with the highest housing prices, reaching €2,684/m² and €2,681/m², respectively. Other capitals show the following prices per m²: Seville (€2,176/m²), Granada (€1,988/m²), Cordoba (€1,458/m²), Almeria (€1,374/m²), Huelva (€1,287/m²) and Jaen (€1,176/m²).

The Balearic Islands top the price ranking with dream properties from €3 million. Murcia is the most affordable region for home buyers on the Spanish coast, from €38,000, followed by Almeria starting at €65,000, according to the latest report from the consulting firm Activum.

Average property and rent prices in Spain have seen two consecutive months at maximum prices, according to the latest idealista reports. At the end of June, up to seven provincial capitals saw record property and rent prices on the real estate platform. We analyse property and rent prices of the districts in the cities of Barcelona, Madrid, Valencia, Malaga, Palma, Las Palmas de Gran Canaria and Cadiz.

According to the latest report from the Tinsa IMIE General and Large Markets index, the price of new and used housing rose 0.5% in June compared to the previous month, placing the year-on-year rate of change at 3.2%. The tourist areas, particularly around the Mediterranean Coast and the Balearic and Canary Islands, stand out for their notable advance in prices.

Housing will continue to rise in 2024. During the first quarter of 2024, the Spanish real estate market experienced a recovery in the volume of transactions, although with lower figures than those recorded at the beginning of 2023, and a slight increase in property prices. According to the 1st Solvia Market View 2024, a slight upturn in the cost of housing is expected towards the end of the year, with increases ranging between 2% and 3%, mainly due to the supply shortage in the market.

Perched majestically in Caldera del Rey (Adeje) on the Island of Tenerife, this luxurious estate is a gem of the Canary Islands real estate market.

Housing in coastal areas - considering first and second homes - rose by 5.7% year-on-year in the first quarter of 2024, to €1,740/m2, compared to an average increase of 3.3% in house prices in Spain during this period, according to Tinsa.

Economic theory pointed to a significant crisis in housing prices due to the rise in rates to contain inflation. But the reality is that the fall has been brief and that practically all real estate markets in the world have ignored the rise in rates observing price increases.