Overview

• Idealista places the national sale price at about €2,498 per square metre in August 2025, marking a record level after double‑digit annual gains.
• Economist Gonzalo Bernardos says agencies are pulling rental ads from portals due to overwhelming demand, turning apartment searches into a race with waiting lists.
• In Teruel, 32% of listed rentals are let in under 24 hours and the available supply is down roughly 18% this year, underscoring the scarcity beyond major cities.
• Madrid announced supply‑side steps that include raising the Mi Primera Vivienda age limit to 50, allowing +10% edificability and +20% density on protected housing plots, creating a new urban consortium, advancing a territorial planning law, expanding Plan Vive by 1,000 homes and offering tax incentives for landlords.
• Barnes reports an 84% year‑on‑year surge in investment in Madrid’s high‑end rentals in August, with average monthly rents above €6,800 and a record €40,000 lease, even as low‑priced outliers persist in towns like Sa Pobla and Castuera.