Sharp Surge in Real Estate Prices
In September 2025, the average price per square meter of housing in Cartagena reached €1,506. Over the past twelve months, prices have risen by 19.8%, marking one of the most significant jumps in recent years. Monthly trends also show steady growth: compared to August, prices increased by 0.5%, and by 2.6% over the last quarter.
Comparison with National Trends
Although Cartagena remains more affordable compared to the national average (€2,517 per square meter), the pace of growth here is much higher. Over the past year, the average across Spain rose by 15.3%, while in Cartagena the increase was nearly 20%. This points to growing interest in the local market and increased demand.
Top and Bottom Neighborhoods by Price
The highest prices were recorded in Isla Plana – Los Puertos (€2,357/m², +6% year-on-year), Perín (€2,164/m², down 1.6%), and Canteras (€1,710/m², up 30.9%). The latter saw the strongest annual growth, indicating its rapid development and appeal to buyers. Meanwhile, the most affordable properties are found in Pozo Estrecho (€917/m², -1.4%), El Plan (€980/m², +1.3%), and La Palma (€1,024/m², +3.4%).
Historical Background and New Records
Despite impressive growth, the average housing price in Cartagena is still 17.5% below its historical peak recorded in October 2007 (€1,826/m²). The Canteras district led in price increases, while Isla Plana – Los Puertos reached record highs for the first time, becoming the city’s most expensive area. Meanwhile, Lentiscar was the only district to see a significant drop in prices — down 2% over the year.
Demand trends and outlook
Experts note that Cartagena is showing faster growth than most other cities in the country. This is due to rising demand and the emergence of new attractive developments in several districts. Analysts expect positive momentum to continue in the coming months, especially in the mid- and high-end housing segments.
