Overview
- INE reports 176,221 home transactions in the third quarter of 2025, the highest quarterly total since 2007.
- September recorded 63,794 sales, the largest September tally on record, putting year‑to‑date activity 14.4% above the same period in 2024.
- New construction now exceeds one‑fifth of transactions and is up about 24% this year, outpacing roughly 12% growth in second‑hand homes.
- Growth is strongest in more affordable regions, led in September by Castilla‑La Mancha (≈+19%), Navarra (+12.4%) and Andalusia (>+10%), while the Balearic Islands fell about 9.6%.
- In the most expensive markets, transactions slipped in September in Madrid, the Balearics and the Canaries as Registradores reported Q3 price jumps to €4,112/m² in Madrid (+16.9%) and €4,096/m² in the Balearics (+11.5%).