Overview

• Prices are forecast to climb 8.7% by the end of 2025 according to Sociedad de Tasación projections
• Mortgages on Spanish homes climbed 54.4% year-on-year in May, marking eleven consecutive months of growth as average borrowing costs held below 3%
• Barcelona’s second-hand market leads the country at €3,851 per square meter, up 16.3% year-on-year amid fierce competition for limited listings
• Experts from the Unión de Créditos Inmobiliarios have flagged localized overheating caused by chronic supply shortages coupled with strong buyer demand
• Policymakers and industry leaders are intensifying calls for land reforms, streamlined permitting and industrialized construction to narrow the widening gap between wages and housing costs