The housing market in Spain continues its escalation with out brake and reaches ranges that haven’t registered for greater than 17 years within the worth of actual property. According to the most recent knowledge from the Ministry of Housing and Urban Agenda, within the second quarter of 2025 the typical value of free housing elevated by 10.4% in comparison with the identical interval of the earlier yr, till it’s positioned at 2,093.5 euros per sq. meter. This worth is the most costly third on this century, solely behind the maximums reached in 2008, when the sq. meter reached 2,101 euros, though every little thing signifies that the present upward development will proceed in the course of the subsequent quarters, getting into Spain in unknown land.
The escalation of the quantities will not be uniform and the rising hole between new and used housing is evident. The flooring of lower than 5 years, thought-about principally first -hand, attain a median value of two,440.2 euros per sq. meter, whereas these of greater than 5 years are positioned at 2,083.1 euros, a distinction of 357 euros that displays the choice of consumers for extra fashionable, environment friendly and able to stay. This phenomenon, extra marked than in the course of the years of the growth Real property, means that the hole will proceed to develop if the availability fails to regulate to excessive demand.
Territories evaluation reveals much more excessive disparities. Madrid and Baleares lead costs, exceeding 3,500 euros per sq. meter and tripling the values of communities akin to Castilla-La Mancha. The knowledge makes it clear that the placement of the property stays a decisive issue within the value. In Balearic Islands, an house can price as much as thrice greater than in Extremadura. In the case of latest properties, the values are much more excessive: in Madrid they exceed 4,000 euros per sq. meter and within the Balearic Islands strategy 4,100 euros, whereas in provinces akin to Ciudad Real, the determine stays beneath 1,000 euros.
The indices of the National Statistics Institute (INE) affirm that the used housing has exceeded its personal historic roof. In June 2025, the index that takes as a base of 2015 reached 173.9 factors, exceeding 169.2 of 2007 and getting into an unpublished land. The new housing, in the meantime, reached 206 factors from the autumn of 2020, consolidating the value escalation and evidencing that a lot of the market – the second -hand, which represents 78% of the operations – continues to develop with out brake. This child statistics from sources apart from that provided by the Ministry, which relies on appraisal values and presents better geographical element.
The mortgage market accompanies the upward motion of the market. Between January and June 2025, 243,257 loans, 25% greater than in the identical interval of 2024 and the very best determine for the reason that first half of 2011 had been signed. The common quantity of mortgages additionally grew 15.5%, as much as 168,363 euros. The mixture of extra favorable demand, excessive demand and rates of interest explains this dynamism: the typical kind remained round 2.99%, selling many consumers to anticipate the acquisition in concern that costs proceed to climb.
Meanwhile, the structural housing deficit provides stress to the market. Between 2021 and 2024 a lacking certainly one of as much as 765,000 items collected, which, in accordance with a current report by Caixabank Research, explains about 40% of the current enhance. The new building provide barely covers 100,000 properties a yr, in comparison with an estimated want of 240,000. To that is added the impact of tourism and overseas demand, which represents 18% of the sale.
https://elpais.com/economia/2025-09-19/el-valor-de-la-vivienda-alcanza-los-2093-euros-por-metro-cuadrado-el-maximo-en-17-anos.html