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Spanish Housing Prices Surge 14.8% Year-on-Year with 4% Monthly Uptick

Tight supply has fuelled price gains in 94% of provinces, leaving nearly all municipalities with increases.

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Un piso en venta en Córdoba

Overview

  • Second-hand housing prices in Spain rose 14.8% year-on-year in May to an average of 2,635 euros per square meter.
  • Comunitat Valenciana led regional growth with a 28% annual increase, adding 2,407 euros per square meter compared to last year.
  • Annual and monthly increases have reached levels not seen in the past two decades, reflecting simultaneous record-high gains.
  • Balearic Islands remained the most expensive region at 5,028 euros per square meter, while San Sebastián topped urban markets at 6,784 euros.
  • Gross rental yields climbed to 6.39% in April, with Córdoba ranking fifth nationally at 7.02%.