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Spain Home Prices Surpass 2008 Peak, Ministry Confirms

The latest release reports a 12.1% annual rise after four consecutive double‑digit quarters.

Overview

  • Official data put the national average at €2,153 per square meter, eclipsing the prior high of €2,101 set in early 2008.
  • Prices rose 2.9% in the most recent quarter, extending the year’s rapid acceleration.
  • Most regions recorded gains on both annual and quarterly bases, with Ceuta and Melilla standing out as quarterly exceptions.
  • Cantabria led annual increases at 15.1%, followed by the Balearic Islands and Valencia at 14.5%, Asturias at 14.1%, Madrid at 14.0%, and Aragon at 13.0%.
  • The slowest annual growth appeared in Extremadura at 3.8%, with Ceuta and Melilla at 6.3%, Galicia at 9.4%, and Castile and León at 9.8%; a typical 75 m² home now costs over €172,000.