In October 2025, the Santander real estate market surprised analysts once again: the average price per square meter reached €2,950. Over the year, housing in this coastal city surged by an impressive 17%, significantly outpacing the national trend. For comparison, across Spain the average was €2,555 per square meter, with an annual increase of 15.7%. Santander is not only maintaining its momentum, but widening its lead over the national average.
Local experts note that such growth rates have not been seen even in the pre-crisis years. The city is confidently securing its place among the country’s most expensive locations, and demand for housing remains strong despite overall economic uncertainty.
Top and bottom neighborhoods: where property is the most expensive
El Sardinero remains the most prestigious neighborhood in Santander. Here, the price per square meter has already reached €5,408, with a 15.3% increase over the year. Next is Puerto Chico at €4,076 per square meter, up 18.5% from last year. Valdenoja – La Pereda is also showing steady growth at €3,713 per square meter, an 8.8% increase in a year.
However, the real surprise came from the General Dávila district, which recorded a record-breaking jump—up 25.2% in a year, with prices reaching €3,030 per square meter. In these areas, demand consistently outstrips supply, and new properties are being snapped up even during the construction phase.
Affordable housing: where to look for cheaper options
Those with a more modest budget should consider the districts of Alisal – Cazoña – San Román and Peñacastillo – Nuevamontaña. Here, the price per square meter is €1,864 and €2,036 respectively, and annual price growth has been minimal — 4.5% and 2.6%.
However, even in traditionally affordable neighborhoods, there is a noticeable uptick. For example, in Cuatro Caminos, property prices increased by 16.2% over the past year, while in Castilla – Hermida they surged by 41.1%. The latter became the absolute leader in growth rates, despite being considered one of the most affordable areas until recently.
Trends and forecasts: what’s next for the market
In most districts of Santander, housing prices have reached all-time highs. El Sardinero stands out in particular, with prices confidently surpassing €5,400 per square meter. Valdenoja – La Pereda recorded the most significant monthly jump — up 6.4%.
Experts attribute this rapid growth to several factors: limited supply, strong investor demand, and internal migration from other regions. Additionally, the city’s appeal for tourists and remote workers is further increasing pressure on the market.
Santander and all of Spain: the gap is widening
Compared to national trends, Santander is confidently taking the lead. While the average price increase across the country stands at 15.7%, in the capital of Cantabria this figure has reached 17%. The gap between the cost per square meter in the city and in Spain overall continues to widen, making Santander less and less affordable for local residents.
Buyers are increasingly facing situations where even in traditionally affordable neighborhoods, prices are rapidly catching up with those in upscale districts. This raises concerns among some experts: could such growth lead to an overheated market and reduced access to housing for young families?
Tools for evaluation and new opportunities
In such a dynamic market, more and more residents and potential buyers are turning to online services for quick property valuation. Modern platforms allow you to find out the approximate price of an apartment or house within minutes, which is especially relevant when planning a deal or investment.
However, even the most advanced calculators can’t always take into account all the nuances of a particular property: sea views, infrastructure, the condition of the building, and the area’s development prospects. Experts therefore advise not to rely solely on automated estimates, but to study the market carefully and consult with professionals.
Incidentally, the idealista platform—frequently referenced by analysts—has long been a key resource for both real estate buyers and sellers in Spain. Founded in 2000, the company quickly earned users’ trust thanks to its user-friendly interface, up-to-date data, and broad market coverage. Today, idealista operates not only in Spain but also in Portugal and Italy, offering millions of property listings for sale and rent. The service regularly publishes analytical reports used by both individuals and professional agencies. With its proprietary assessment tools, idealista makes it easy to determine a property’s market value and track price trends across different regions. Over the years, the platform has become an integral part of Spain’s real estate sector and continues to introduce new technologies to enhance user experience.
