Particle.news

Download on the App Store

Spain Housing Costs Hit Record Highs with Rent and Resale Prices Surging

Regulatory reforms have prompted landlords to withdraw units deepening the national housing shortage.

Edificio de viviendas en Carcaixent
Image
Image

Overview

  • June’s national average rent reached €14.6 per square meter, marking 9.7% year-on-year growth and a 4.4% quarterly rise.
  • In Murcia, rental rates climbed to €9.1 per square meter, up 9.4% from June 2024 and representing the region’s highest ever average.
  • Valencia rents edged down 0.7% from May to €15.5 per square meter but remain 9.9% above last year’s levels.
  • National resale home prices rose 14% year-on-year while Murcia’s second-hand market jumped 20.5% to €1,499 per square meter.
  • Long-term rental listings have fallen 17% since the 2023 Housing Law took effect, pushing competition to roughly 35 applicants per listing.