Housing price trends in Spain
In the second quarter of 2025, Spain once again ranked among the European Union leaders in property price growth. Over twelve months, housing prices in the country rose by 12.8%. This rate is more than double the average in the Eurozone and the entire European Union. Among EU countries, Spain holds fifth place in terms of housing price increases.
Comparison with other EU countries
The largest increase in property value was recorded in Portugal, where prices grew by 17.2%. Next are Bulgaria with 15.5%, Hungary with 15.1%, and Croatia with 13.2%. Spain, at 12.8%, completes the top five countries with the highest growth rates. Double-digit increases were also seen in Czechia and Slovakia. Meanwhile, the average growth in the Eurozone was 5.1%, and 5.4% across the EU.
Several countries saw a more moderate rise in housing prices. For example, growth in France was 0.5%, in Italy 3.9%, and in Germany 3.2%. Finland recorded a decline of 1.3%. Cyprus and Sweden also posted slight increases—1% and 0.7%, respectively.
Quarterly changes and Spain’s position
Looking at quarterly data, the trend continues. In spring 2025, housing prices in Spain rose by 4% compared to the first quarter. This is more than double the growth rate seen in the Eurozone (1.7%) and the EU as a whole (1.6%). In the quarterly ranking, Spain holds fourth place, behind Portugal (4.7%), Luxembourg (4.5%), and Croatia (4.4%).
Some countries recorded a decrease in prices over the quarter: France saw a drop of 0.2% and Belgium 0.1%. Meanwhile, Cyprus and Sweden experienced slight increases of 0.2% each. Germany and Italy also posted more modest results: 1.1% and 2.7% respectively.
Overall trends in the real estate market
Thus, Spain continues to show some of the highest rates of housing price growth in the European Union. Differences between countries persist both in annual and quarterly dynamics. While several countries are seeing a slowdown or even a decrease in prices, Spain and some other Southern and Eastern European nations continue to post significant growth.
