Overview
- Tinsa reports a 13.1% year-on-year rise in the fourth quarter, roughly 10% in real terms after inflation.
- The national average reached about €2,091 per square meter, sitting roughly 3.3% below the 2007 nominal peak and far lower in real terms.
- Price growth is broad-based, led by Madrid as the most expensive market at €3,799 per square meter with double-digit annual increases across many regions and capitals.
- New-build homes rose 8.9% to a record €3,298 per square meter, according to Sociedad de la Tasación.
- Market activity is on track for about 550,000 sales in 2025, and Tinsa expects stabilized demand with prices rising a further 5%–10% in 2026.