Home purchases exceeded 700,000 transactions in 2025, the very best determine since 2007 | Housing | Economy | EUROtoday

The most optimistic forecasts of most brokers in the true property sector have been that the housing market would set a historic report in its exercise in 2025, and so it has been. According to INE knowledge revealed this Friday, 714,237 homes have been offered within the final monetary 12 months, the very best quantity since 2007, when the bubble initially of the century was about to burst. This is a cumulative consequence that exceeds the 2024 data by 11.5%, or in different phrases, by virtually 74,000 operations; and locations Spain above the barrier of 700,000 purchases for the primary time in 18 years.

The final time it was achieved was in 2007 (775,300 gross sales), the 12 months wherein INE data started. This occurs to be the 12 months wherein the true property bubble peaked and started to deflate. After years of steady will increase in worth – one thing that can be taking place now, with the sq. meter at 2,230 euros, costlier than ever – the market started to indicate indicators of exhaustion till it led to a deep disaster that devastated an excellent a part of the sector. Something that, on this event, has but to be verified. And within the final decade, between 2015 and 2025, buy and sale operations have doubled. The huge demand, derived partly from the stagnation of the disaster years and inadequate provide, is hidden, in response to many specialists, behind this unparalleled peak in latest a long time.

This determine for 2025 happens even supposing 54,148 interactions have been executed in December, the second lowest determine of the 12 months in a month that’s historically not very buoyant because of the Christmas holidays. But the determine is 7.9% above what occurred in the identical month of 2024 (50,196).

The consequence for your entire 12 months is a consequence of a path of continued progress in exercise that has been occurring since 2023. Since then, the sale of homes has grown by 22.4%, first exceeding the border of 600,000 operations in 2024, and now that of 700,000 in 2025. This represents a month-to-month common of 59,520 operations, 6,000 greater than in 2024.

“Demand is very active and the product available is limited; that is the real key to this cycle: everything or almost everything on the market is bought,” says actual property advisor Iñaki Unsain. An interpretation that can be shared by Miguel Ángel Gómez, president of the Federation of Associations of Real Estate Companies (Fadei): “As soon as a flat goes on sale, it is sold, and that is due to the lack of stock [existencias] “Despite a turbulent geopolitical context, this year has recorded very high activity figures thanks to economic factors such as a low unemployment rate, a great housing need and favorable conditions for access to credit,” adds Gómez.

“The data confirm that 2025 has been an extraordinary year. After an already very dynamic 2024, the market has not only resisted, but has intensified its activity,” analyzes Ferran Font, Director of Studies at the real estate portal apartments.com. In his opinion, “the combination of accumulated savings, still favorable financial conditions and expectations of new price increases have encouraged purchasing decisions.”

Although the present pattern is harking back to the habits of the true property market through the bubble years, Font is cautious. “The current volume places us at levels not seen since the period prior to the real estate bubble, but with a substantial difference: today growth is supported by much more prudent mortgage granting criteria and a more solvent buyer profile,” he explains.

By quantity of operations in all of 2025, Andalusia (143,794), Catalonia (112,585) and the Valencian Community (110,591) occupy the primary three locations within the desk, adopted by Madrid (81,681). All of those territories are nicely forward of La Rioja (5,607), Navarra (7,495) and Cantabria (10,448), which have the fewest transactions (not counting the autonomous cities of Ceuta and Melilla).

However, concerning the evolution within the variety of gross sales between 2024 and 2025, different territories have skilled the most important share will increase: Castilla y León (18.9%), Castilla-La Mancha (17.8%), Castilla y León (13.52%) and La Rioja (16.3%). Results that present how exercise can be gaining momentum exterior of huge inhabitants facilities. Ignoring the actual variations between areas, the statistics concerning the variety of gross sales and purchases by territory per 100,000 inhabitants, the Valencian Community leads the listing (2,491), forward of Murcia (2,172) and Cantabria (2,142). At the other excessive are Navarra (1,396), the Canary Islands (1,363) and Galicia (1,213).

Master the second hand

The majority of those operations, as has been recurrent since there was a slowdown in development, have as their object the alternate of second-hand housing. In gathered phrases, 78% of the operations, virtually eight out of ten, have been for used properties. That implies that solely 12% needed to do with new development works, however purchases of name new properties grew by 16.1% in comparison with 2024. “It is desirable that this percentage continue to rise due to the construction of new apartments, so necessary in the country to expand the supply and help control the escalation of prices,” explains Gómez. “Second-hand housing maintains its role as the authentic driving force of the market. Its greater volume and territorial capillarity explain why it continues to be the great pillar of the activity,” says Font.

“The great challenge is not demand, but the capacity of the system to generate sufficient and accessible housing,” signifies, for his half, Robin Decaux, CEO of the true property funding platform Equito. “When the structural supply does not keep pace with activity, the pressure inevitably shifts to access. The conclusion is clear: the market is not at a standstill, but access continues to be the great thermometer,” he emphasizes.

Official statistics present that almost all of operations are carried out between people, with a median of seven out of ten carried out by pure individuals, the very best share within the historic sequence. Only 17% of the transactions had a authorized entity (an organization) as the vendor and a person as the client. This characterizes the residential market basically as home and divulges that it relies upon largely on the financial state of affairs of households.

Regarding the information on purchases and gross sales of protected housing, one of many vectors by means of which aid in entry to a roof for individuals with best difficulties passes, INE knowledge reveals that in 2025 48,371 VPOs have been offered, simply 1.79% greater than in 2024. However, that is the second highest determine within the final 5 years, with a median of 4,000 operations monthly.