Overview

• Home transactions reached a multi-year high in May, rising 39.7% year-on-year to 61,054 sales and marking 11 consecutive months of annual growth.
• Tinsa figures show that average housing prices climbed 10.6% nationally in June, with island markets leading at a 15.9% increase.
• Buyers now need to save about €43,902 on average, or 27% of a typical home’s value, to cover down payments and related costs before financing.
• Required savings vary from roughly €20,000 in provinces like Ciudad Real, Jaén and Zamora to almost €80,000 in the Balearic Islands, while towns such as Gandía remain relatively affordable at €1,519/m².
• The Bank of Spain’s homeownership accessibility index improved by only 0.3 percentage points in Q1 2025, as fast-rising prices offset gains from lower rates and income growth.