Housing Prices in Oviedo Surge 17.4% in One Year and Continue to Climb

Sharp increase in price per square meter

In September 2025, the average price per square meter of housing in Oviedo reached €2,089. Over the year, this figure rose by 17.4%, marking one of the most significant increases among cities in northern Spain. Compared to August, prices grew by 1.7%. Although prices in Oviedo remain below the national average, their rate of increase outpaces the country as a whole.

Comparison with national trends

Across Spain, the average price per square meter in September was €2,517, up 15.3% from a year ago. While Oviedo lags in absolute terms, the city is showing a more dynamic recovery after a prolonged period of decline that lasted since 2009. That year, the city recorded its historic peak—€2,179 per square meter.

Top and lagging neighborhoods by price

There is a significant difference in prices between neighborhoods within the city. The most expensive remains Centro–Casco Histórico, where the price per square meter is €2,588—up 20.1% compared to September last year. The Ciudad Naranco–Vallobín–La Florida district posted the highest growth, up 25% for the year, reaching €2,228 per square meter. In Buenavista–Ería–Montecerrao, prices rose by 19.1%, hitting €2,128.

The most affordable areas remain La Manjoya–Parroquias Sur, at €1,134 per square meter, where the annual growth was only 3.8%. In the districts of Fozaneldi–Tenderina–Ventanielles and Parroquias Norte–Naranco, prices reached €1,688 and €1,736 respectively, with the first area seeing a significant increase of 23.5% over the year.

Market trends and new record highs

Several parts of the city, such as Montecerrao and Naranco, have seen housing prices reach historic highs. Only in La Manjoya–Parroquias Sur was there a slight decrease over the month—down by 1.3%. The rest of the city continues to see steady growth, underscoring Oviedo’s appeal to both buyers and investors.

Market analysis and outlook

Experts note that such a sharp price increase is driven by recovering demand and a limited supply in several districts. Oviedo is gradually regaining the real estate market positions it lost after the 2008-2009 crisis. In the coming months, analysts expect the positive trend to continue, especially in the city’s central and upscale neighborhoods.

For those planning to buy or sell property in Oviedo, it is important to consider the differences between districts and closely monitor market changes. With prices still rising, acting quickly can be particularly advantageous.