Overview
- The Council of Notaries' July data show the average price rose 7.7% year‑on‑year to €2,112 per square metre while sales fell 11.1%, marking seven consecutive months of year‑on‑year declines in transactions.
- Mortgage originations have eased less than sales, with loans to buy housing down about 4.9% in July and roughly 2.5% for January–July, raising the share of income buyers must devote to housing.
- Price gains are uneven across Spain, with double‑digit July increases in regions such as Asturias (29.3%), Murcia (22.3%), Galicia (19.8%) and Madrid (11.3%), while the Balearic Islands showed price stability.
- Tinsa's Q3 valuation index reports a much larger national rise of about 14.7% year‑on‑year and very strong regional gains, highlighting measurement differences that make the pace of increases harder to compare.
- The combination of scarce available stock, smaller average home sizes and rising loan burdens is squeezing affordability, driving street protests and heightened parliamentary scrutiny of housing policy.