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Spain’s Housing Market Hits New Peaks with Fast Sales and Regulatory Caps

ECB rate cuts fuel a 7 percent surge in average housing prices projected for year-end

Overview

  • Average rents in the Valencian Community rose 11.8% year-on-year to €13.94 per square meter in July, with Moncada seeing a 39.3% jump.
  • Nearly 16,000 rental flats in designated tension zones now face a 2.1% cap on rent increases under government regulation.
  • In Gipuzkoa, 15% of properties listed on Idealista sold within a week in the second quarter as annual prices climbed 11% to €4,046 per square meter.
  • New one-bedroom apartments in Valencia city now average over €200,000, with the most expensive units reaching €419,750.
  • A Centro de Investigaciones Sociológicas survey shows housing has become Spaniards’ top concern for the first time.