In November 2025, the real estate market in Gijón surprised even the most skeptical experts. The average price per square meter in the city reached €2,544, setting an all-time record. Over the past year, prices jumped by 21.2%, with a 5.4% increase in the last three months alone. Monthly dynamics are similarly impressive: up 1.2% compared to October. Such growth rates haven’t been seen even during previous market booms.
Gijón is outpacing national trends with confidence. For comparison, the average price per square meter across Spain in November stood at €2,605. However, the annual growth rate nationwide was lower—16.1%. In Gijón, demand and limited supply are pushing prices higher, even though the city has yet to reach the national average.
Top Neighborhoods
Within Gijón itself, the gap between neighborhoods is becoming increasingly apparent. Centro remains the most expensive area, where a square meter is valued at €3,303. Prices there have risen by 7.7% over the year. The eastern part of the city (Este) also stands out, with €3,065 per square meter—a 17.4% increase year-over-year. The southern district (Sur) rounds out the top three, at €2,251 per square meter and a 12.5% annual rise.
However, it’s not just prestigious areas showing strong growth. In the El Llano neighborhood, housing prices soared by 28.6% over the year, reaching 2,204 euros per square meter. The Periurbano districts are also catching up, with a 20.4% increase and prices now at 1,869 euros. The western part of the city (Oeste) remains the most affordable at 1,924 euros per square meter, but even there prices rose by 9.5%.
Trends and Dynamics
Interestingly, not all neighborhoods are following the same trend. While most areas continue to become more expensive, the southern district has seen a slight dip—down 2% over the past month. This is the only segment experiencing a correction, albeit a minor one. Elsewhere in the city, prices keep rising as property owners are surprised to see the value of their apartments climb.
Experts point out that such a sharp surge in prices is driven by several factors. First, demand for housing in Gijón remains high, especially in the central and eastern districts. Second, the supply of new properties is limited, which keeps pushing prices up. Additionally, many investors now view the city as a promising destination for investment, further heating up the market.
Comparison with Spain
A nationwide look at the situation makes one thing clear: Gijón stands out from other cities. Across Spain, housing prices are rising, but not as dramatically. Over the past month, the national increase was 2%; for the quarter, 4.3%. The annual figure is 16.1%. In Gijón, however, all these indicators are higher, highlighting unique local market factors.
Analysts believe that this trend may continue in the coming months. As long as demand outpaces supply and buyer interest in the city remains strong, prices are unlikely to fall. However, some neighborhoods may experience short-term fluctuations, as has already happened in the southern part of the city.
What’s happening in the market
Homeowners in Gijón are increasingly interested in the real value of their properties. Many are surprised by how much prices have grown over the past year. Some are considering selling to lock in profits, while others prefer to wait for further growth. The market now offers more tools for quick property valuation, making the process more transparent and convenient for all parties involved.
Buyers, meanwhile, face a tough choice. On one hand, current prices seem inflated; on the other, waiting for a drop could mean missing out on opportunities. This is felt especially strongly in leading neighborhoods where competition for properties remains high.
In case you didn’t know, idealista is the largest online real estate platform in Spain, offering up-to-date information on prices, trends, and housing market analytics. The service not only lets users track price dynamics by region, but also provides tools for quick property valuation. Operating since 2000, the company is regarded as one of the main sources of information for buyers, sellers, and investors in Spain’s real estate market.
