Real estate market: new price records
In October 2025, Spain’s secondary housing market saw an unprecedented price surge. The average price per square meter reached 2,555 euros, the highest ever recorded. Over the past twelve months, prices increased by 15.7%, and by 3.4% over the last quarter. Compared to September, the cost rose by 1.5%.
Trends by autonomous community: frontrunners and laggards
All of Spain’s autonomous communities saw prices rise year-on-year. The biggest jump was in Madrid, with a 20.8% increase. The capital region was followed by Andalucía (20.6%), Murcia (19.9%), Cantabria (19.1%), and the Comunidad Valenciana (17.1%). Meanwhile, Asturias, the Canary Islands, the Basque Country, Catalonia, and the Balearic Islands posted growth rates below the national average. The smallest changes were noted in Navarra, Extremadura, and Galicia, where the increase did not exceed 4.6%.
The Balearic Islands remain the most expensive region to buy property, at 5,115 euros per square meter. They are followed by Madrid (4,395 euros), the Basque Country (3,356 euros), the Canary Islands (3,106 euros), Andalucía (2,721 euros), and Catalonia (2,680 euros). The most affordable options are in Extremadura, Castilla-La Mancha, and Castilla y León, where prices do not exceed 1,300 euros per square meter.
Provinces and cities: where property prices are rising fastest
In 47 provinces across the country, prices for resale housing have surpassed those recorded in October last year. The most significant jump was seen in Valencia, at 21.7%. Madrid, Murcia, Cantabria, and Málaga also ranked among the top five for growth rates. In Barcelona, prices rose by 10%. Only three provinces — Ourense, Teruel, and Jaén — saw a decline in property values.
The Balearic Islands have once again confirmed their status as the most expensive province, where the price per square meter is 5,115 euros. In Madrid, the figure stands at 4,395 euros, in Gipuzkoa — 4,111 euros, in Málaga — 4,023 euros, and in Barcelona — 3,024 euros. The lowest prices were recorded in Ciudad Real (749 euros), Jaén (827 euros), and Cuenca (851 euros).
Major cities continue to break new records
Over the past year, housing prices have risen in 51 provincial capitals. The only exception was Girona, where prices dropped by 2.9%. The most notable increase was in León, at 19.9%. Prices in Madrid rose by 18.1%, in Guadalajara by 17.5%, and in Oviedo by 17.3%. Major cities such as Valencia, Alicante, Málaga, Palma, San Sebastián, Bilbao, Sevilla, and Barcelona have also seen substantial growth.
In Madrid, the average price per square meter reached 5,705 euros, and in Barcelona — 5,042 euros. The most expensive city was San Sebastián, where housing costs 6,337 euros per square meter. At the other end are Zamora, Jaén, and Lleida, where prices remain the lowest among all the capitals.
Analysis methodology: how the index is calculated
The index is calculated based on property listings published on the leading online platforms. Listings with outlier prices and those that have failed to attract buyer interest for an extended period are excluded from the analysis. Both apartments and detached houses are included in the final statistics. The results are calculated using median prices for each market. Data is collected and processed with modern analytical tools, providing an objective overview of the real estate market in Spain, as well as in Italy and Portugal.
