Overview
- Tinsa reports a nationwide year‑on‑year rise of 13.1% in Q4 2025, roughly 10% after inflation, with the average price at €2,091 per square meter.
- Price gains were broad‑based, with 11 autonomous communities above 10%, while Madrid stands as the most expensive market at about €3,799 per square meter.
- Sociedad de la Tasación says new‑build prices climbed 8.9% to a record €3,298 per square meter, underscoring tight supply.
- Notaries’ data point to roughly 550,000 home sales in 2025, while Tinsa’s outlook signals stabilized demand, policy rates near 2% and potential 5%–10% price growth in 2026.
- Regional divergence persists as hotspots accelerate and laggards remain subdued, with Córdoba up just 2.8% year over year; affordability strains grow and one economist warns the rental market is “dead.”