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Spain’s Housing Market Surges to Decades-High Sales and Prices

Cheap credit coupled with chronic underbuilding has fueled multi-decade sales highs alongside record resale prices

Con 3472 inmuebles (22,43% del total), Palermo lidera el ranking de barrios con oferta de alquiler
Edificio de viviendas en València
Un hombre pasea frente a una inmobiliario en Alzira.
Un edificio resguardado bajo una cortina de andamios en plena construcción. | Eduardo Parra

Overview

  • Spain recorded 357,533 property transactions in the first half of 2025, a 20% increase from 2024 and the busiest six-month stretch since 2007.
  • June home sales rose 17.9% to 112,346 transactions, with northern regions leading growth—Cantabria (+41.7%), Aragón (+37.7%), Castilla y León (+35.2%)—and Córdoba marking its strongest six-month pace in 17 years.
  • Used-home prices hit all-time highs in July, climbing 14.7% nationally to €2,471/m² and rising 18% in the Comunitat Valenciana to €2,271/m².
  • New-build sales jumped 25.3% in June as buyers secured fixed-rate mortgages below 3%, reflecting sustained ECB rate cuts and post-pandemic lending expansion.
  • Mar del Plata’s property market mirrored this momentum, with June sales up 29.9% and mortgage originations soaring 337% year-on-year following broader credit access reforms.