Trends in Secondary Housing Prices in Spain
In August 2025, the price per square meter on Spain’s secondary housing market reached €2,498. Over the year, prices rose by 14.8%, marking the highest increase ever recorded. In the past three months, prices climbed by 4.5%, and by 1.1% compared to July. These figures reflect a persistent upward trend in real estate prices across the country.
Regional Variations: Where Housing Prices Are Rising Fastest
All autonomous communities in Spain saw housing prices increase compared to last year. The highest growth was recorded in Madrid at 23.3%. It was followed by Murcia and Cantabria (both 17.6%), Comunitat Valenciana (17.4%), Andalucía (15.9%), and the Canary Islands (14.8%). Meanwhile, Asturias, the Balearic Islands, the Basque Country, and Catalonia reported growth rates below the national average. The smallest increases were seen in Extremadura (0.8%), Navarra (3%), La Rioja (3.8%), Galicia (3.9%), Castilla y León (3.9%), Aragón (4.2%), and Castilla-La Mancha (4.9%).
The Balearic Islands remain the most expensive region for buying property, at €5,068 per square meter. Next are Madrid (€4,384/m²), the Basque Country (€3,287/m²), the Canary Islands (€3,080/m²), and Catalonia (€2,665/m²). The most affordable prices are found in Castilla-La Mancha (€986/m²), Extremadura (€989/m²), and Castilla y León (€1,244/m²).
Provinces and Cities: Top and Bottom Performers in Price
In 43 provinces across the country, resale housing prices have exceeded last August’s figures. The most notable increases were recorded in Madrid (23.3%), Valencia (21.6%), Murcia and Cantabria (both 17.6%), as well as in the provinces of Santa Cruz de Tenerife (16.2%) and Alicante (14.8%). Meanwhile, seven provinces saw price declines, most sharply in Ourense (-5.4%), Teruel (-1.5%), Jaén (-0.8%), and Ciudad Real (-0.5%).
The Balearic Islands remain the most expensive province, with prices at 5,068 euros per square meter. They are followed by Madrid (4,384 euros/m²), Gipuzkoa (4,007 euros/m²), Malaga (3,842 euros/m²), Santa Cruz de Tenerife (3,284 euros/m²), Biscay (3,163 euros/m²), and Barcelona (3,023 euros/m²). The lowest prices were recorded in Ciudad Real (743 euros/m²), Jaén (833 euros/m²), and Cuenca (847 euros/m²).
Urban markets: exceptions and trends
In 51 provincial capitals, annual price growth was recorded, with only Girona as an exception, where prices fell by 4.8%. The largest increases were seen in Santa Cruz de Tenerife (22.9%), as well as Madrid (21.3%), Guadalajara (20.4%), Valencia (19.6%), Santander (19.5%), Teruel (17.9%), and Palma (17.2%). The smallest increases occurred in Soria (2.3%), Ourense (3.6%), Badajoz and Cadiz (both 3.7%).
Among the largest cities, apart from Madrid, Valencia, and Palma, significant price increases were also seen in Malaga (15.6%), Alicante (14.3%), San Sebastián (13.5%), Seville (11.4%), Barcelona (10.2%), and Bilbao (9.5%). As a result, the price per square meter reached 5,723 euros in Madrid and 4,991 euros in Barcelona. San Sebastián remains the most expensive city (6,283 euros/m²), while the most affordable is Zamora (1,239 euros/m²), followed by Jaén (1,300 euros/m²) and Ciudad Real (1,395 euros/m²).
Analysis methodology and statistical features
The index was compiled using housing sale listings published on the idealista platform. Properties with anomalous prices and those that had not attracted interest for a long time were excluded from the calculations. Final figures were determined based on the median of current listings. The analysis covers all types of residential properties, except those not meeting market conditions. The data is used to assess the real estate market situation in Spain, as well as in Italy and Portugal.
