The average square meter price of new residential real estate in Spain was the highest in Catalonia and the Community of Madrid in 2025. In the second quarter of the year, both regions boasted home prices of over 4,800 euros per square meter, with Catalonia at 4,893 euros and the Community of Madrid at 5,037 euros. That was substantially higher than the average for the country, which amounted to 3,151 euros per square meter. Overall, house prices in Spain have been on the rise since 2016.

Key information about House Prices Growth

• Spain house prices grew 12.3% YoY in Sep 2025, following an increase of 11.9% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 2002 to Sep 2025, with an average growth rate of -10.5%.
• House price data reached an all-time high of 21.0% in Sep 2004 and a record low of -11.7% in Apr 2013.

After a long period of steady increase in real estate prices in Spain, the market was hit by the global financial crisis of 2007, resulting in the burst of the Spanish property bubble. House prices have since picked up and in 2023, the average square meter price reached 2,809 euros - just slightly below 2008 levels. Though prices have risen across the whole country, some regions, such as the Balearic Islands, Catalonia, Madrid, and Andalusia, experienced faster growth than others. Additionally, the gap between newly built and existing home prices has widened. Spain’s real estate market behind others The property market has made great progress, but it is still far off the rest of its European counterparts, and it is positioned, in fact, at the bottom of the European list of the EMF’s house price index, which is led by Czechia and Portugal. Supply is a major factor influencing the price development. Many European countries suffer housing shortages due to sluggish construction activity, and Spain is no exception. In 2022, ranked among the countries with the lowest number of residential construction starts per 1,000 citizens in Europe. Buying vs renting As happens with many other countries, the affordability of buying a home and renting will differ considerably dependent on the area. In 2022, the average Spanish citizen needed between five and 18 years to purchase an average priced property in their region with their full salary, with Murcia and La Rioja being the most affordable regions. The house price to rent index shows that house price growth has been much faster than rental growth. That is good news for homeowners whose homes appreciate over time, but an issue for renters who are yet to purchase a property.

Housing Index in Spain increased to 2094 EUR/SQ. METRE in the second quarter of 2025 from 2033 EUR/SQ. METRE in the first quarter of 2025. This dataset provides the latest reported value for - Spain House Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

House prices in Spain have risen year-on-year since 2014. The house price index measures the development of house prices, with 2015 chosen as a base year when the index value was 100. Between 2021 and 2023, the house price index in Spain rose by eight percent for new housing and 3.2 percent for existing housing. Overall, newly built housing has appreciated more than existing homes.

Prices & Characteristics of Spanish Homes

Uncovering Market Trends in Spain

By [source]

About this dataset

This dataset provides a wealth of information about the current Spanish housing market for potential buyers. This comprehensive data set includes research-level information about region, number of rooms, size, price, photos and more for different available properties across the country. This data can help researchers understand the wide pricing range and characteristics associated with these homes in great detail. For example, it allows us to uncover average price per square meter as well as differences in prices between larger and smaller locations. Further exploration also reveals correlations between price and surface area as well as number of rooms and pricing models - all immensely helpful to those wishing to purchase or rent properties in Spain! By further investigating this rich set of information provided by this dataset, prospective property buyers can be more informed when making decisions regarding their next home or investment opportunities within the Spanish housing market

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How to use the dataset

Welcome to the Prices and Characteristics of Spanish Houses for Sale dataset! This data set contains comprehensive information about Spanish houses for sale, including location, price, size, and number of rooms. Here’s a guide to help you get started.

• Explore the columns included in this dataset: the summary column provides an overview of the property while description provides more in-depth details. The location column offers geographical details about each house; photo displays a picture of each property; recomendado indicates whether or not it has been recommended; price gives you an idea of how much each house costs; size determines how large or small it is; rooms tells you how many bedrooms it has to offer; price/m2 states the Square Meter Price for each home; bathrooms lets you know how many bathrooms it has on the premises; Num Photos shows you the exact number of images available for that home and type directs which type it is (apartment); region helps pinpoint exactly where these homes are located.

• Analyze relationships between variables: use this dataset to uncover interesting correlations between pricing and other characteristics such as size and number of rooms, or between prices in different regions within Spain. You can also gain insight into average pricing by square meter across various locations - this data might be useful if you're looking at making a real estate investment decision based on market trends around Spain's housing sector!

• Research current market trends: review historical data points from within this dataset with regards to pricing changes over time, as well as differences in supply/demand dynamics across distinct locations within Spain's housing market - all these insights can be used when deciding whether or not now would be an ideal time to purchase property in certain areas!
  Overall, we hope that with this information at hand your research into Spain's current housing market will provide useful results and lend insight that may assist your purchase decision process when considering buying S[anish homes!

Research Ideas

• Comparing the average Spanish house price in different regions to determine if prices are more expensive in certain regions.
• Examining the correlation between size and number of rooms to understand which properties would be a better investment given their size.
• Analyzing the relationship between number of photos uploaded for a property and its price, to determine if there is any correlation between them or not

Acknowledgements

If you use this dataset in your research, please credit the original authors. Data Source

License

License: CC0 1.0 Universal (CC0 1.0) - Public Domain Dedication No Copyright - You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission. See Other Information.

Columns

File: pisos.csv | Column name | Description | |:----------------|:------------------------------------------------------------| | summary | A brief description of the property. (Text) | | location | The geographical area or postcode of the property. (Text) | | photo...

House prices in Spain have grown year-on-year between 2016 and 2025, increasing by over ***** euros per square meter. In October 2025, the average house price per square meter reached ***** euros - far above the level of 2007 before the global financial crisis hit and the market plummeted.

House prices in Spain have grown year-on-year since 2016 and 2023, increasing by almost 500 euros per square meter. In October 2023, the average house price per square meter reached 2,016 euros - almost as high as in 2007 before the global financial crisis hit and the market plummeted.

Graph and download economic data for Residential Property Prices for Spain (QESN628BIS) from Q1 1971 to Q2 2025 about Spain, residential, HPI, housing, price index, indexes, and price.

The house price index (HPI) in Spain has increased steadily since 2013, reaching a 10-year record value in 2023. In that year, the HPI reached a value of 167.33 index points for newly built and 144.19 index points for existing homes, meaning that house prices for new construction have risen faster than for existing homes. An index value of 160 suggests that house prices have risen by 60 percent since 2015 - the base year of the index. Catalonia, the Balearic Islands and Madrid were the Spanish regions where prices of both new and existing housing have risen the most in recent years.

Located in the Region of Valencia, the province of Castellon had the lowest property prices of all Spanish coastal areas, with an average price of 1,000 euros per square meter as of the first quarter of 2022. Castellon was also the Valencian province with the lowest average price of urban land. Also on the Mediterranean coast of Spain, Almeria ranked second on the list, with an average price per square meter of 1,100 euros, followed by another Valencian province, Valencia, which featured an average property price of just over 1,200 euros.

The other side of the coin: the most expensive coastal areas

Out of the four main islands that comprise the Balearic province, two are listed as the most expensive coastal areas of Spain. Ibiza and Formentera’s coasts ranked as the least affordable coasts in terms of property prices, with their average price per square meter amounting to nearly 4,000 euros. The Basque province of Gipuzkoa was the second most expensive coastal area.

Spain: the rebirth of a broken property market

After a long period of time in which Spain’s real estate prices increased sharply, the market was hit by the global financial crisis of 2007, making the Spanish property bubble collapse and damaging home value. It can be seen that real estate prices in Spain initiated a solid recovery in 2015, after the house price index fell to 96.27 index points in 2013. The property market has made great progress, but it is still far off the rest of its European counterparts, and it is positioned, in fact, at the bottom of the European list of the EMF’s house price index.

Avg Housing Price: Free Market: Less than 5 Years Old: Badajoz data was reported at 1,155.800 EUR/sq m in Mar 2018. This records an increase from the previous number of 1,138.600 EUR/sq m for Mar 2016. Avg Housing Price: Free Market: Less than 5 Years Old: Badajoz data is updated quarterly, averaging 1,385.700 EUR/sq m from Mar 2010 (Median) to Mar 2018, with 19 observations. The data reached an all-time high of 1,617.400 EUR/sq m in Jun 2010 and a record low of 1,097.500 EUR/sq m in Dec 2013. Avg Housing Price: Free Market: Less than 5 Years Old: Badajoz data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

Avg Housing Price: Protected Housing: Catalonia: Girona data was reported at 1,232.200 EUR/sq m in Mar 2018. This records an increase from the previous number of 1,218.300 EUR/sq m for Dec 2017. Avg Housing Price: Protected Housing: Catalonia: Girona data is updated quarterly, averaging 1,174.700 EUR/sq m from Mar 2005 (Median) to Mar 2018, with 47 observations. The data reached an all-time high of 1,239.900 EUR/sq m in Jun 2017 and a record low of 1,030.200 EUR/sq m in Jun 2006. Avg Housing Price: Protected Housing: Catalonia: Girona data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P004: Housing Prices: Protected Housing: by Region and Province.

Avg Housing Price: Free Market: Barcelona data was reported at 3,300.100 EUR/sq m in Sep 2018. This records an increase from the previous number of 3,297.300 EUR/sq m for Jun 2018. Avg Housing Price: Free Market: Barcelona data is updated quarterly, averaging 3,071.100 EUR/sq m from Mar 2005 (Median) to Sep 2018, with 55 observations. The data reached an all-time high of 3,950.200 EUR/sq m in Jun 2008 and a record low of 2,385.200 EUR/sq m in Mar 2014. Avg Housing Price: Free Market: Barcelona data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

Avg Housing Price: Protected Housing: Castile La Mancha: Toledo data was reported at 979.900 EUR/sq m in Mar 2018. This records an increase from the previous number of 953.500 EUR/sq m for Dec 2017. Avg Housing Price: Protected Housing: Castile La Mancha: Toledo data is updated quarterly, averaging 978.950 EUR/sq m from Mar 2005 (Median) to Mar 2018, with 52 observations. The data reached an all-time high of 1,113.400 EUR/sq m in Sep 2012 and a record low of 800.900 EUR/sq m in Jun 2005. Avg Housing Price: Protected Housing: Castile La Mancha: Toledo data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P004: Housing Prices: Protected Housing: by Region and Province.

The average square meter price of residential real estate in the Balearic Islands was higher than in any other region in Spain in October 2023. At over ***** euros per square meter, house prices in the Balearic Islands were about twice higher than the national average. In Spain, the majority of households live in an owner-occupied home.

Spain - Median of the housing cost burden distribution: Cities was 11.60% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Median of the housing cost burden distribution: Cities - last updated from the EUROSTAT on December of 2025. Historically, Spain - Median of the housing cost burden distribution: Cities reached a record high of 13.10% in December of 2015 and a record low of 10.90% in December of 2020.

Cádiz had the highest average house price among the different coastal cities in Andalusia, reaching close to ***** euros per square meter in December 2023. In contrast, Hueva had the most affordable prices, at ***** euros per square meter.

The Spain residential real estate market size was USD 145.18 Billion in 2022 and is likely to reach USD 264.67 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031. The growth of the market is attributed to the increase in construction as well as population.

Spain’s real estate market is posting a positive trend, especially in terms of demand. The revival in house sales was high in 2021. For instance, 468,000 transactions were completed by October 2021, a growth of 35.9% compared to 2020 and up by 8.3% on 2019. The activity in the residential sector was highest since 2008. A large part of this revival in demand has come from a reduction in pent-up demand and the forced savings accumulated during the months of lockdown and severely restricted travel, combined with highly favorable financing conditions, which make it more attractive to buy and invest in real estate assets. The residential sector is therefore on track to close 2021 with 545,000 sales in the year as a whole.

Before the pandemic began, the residential real estate market in Spain was growing at a healthy pace, which was then dented by Covid-19 as the construction of housing units came down. However, in 2021, the market was back on track with increase in construction.



As per the latest data from the Appraisal Society, it indicates that the price of new housing has remained stable, in a context of increased sales and improvement in economic indicators. The average price of new homes has grown 0.4% in Spain over the last 12 months to Euro 2,482 (approximately USD 2812) per square meter. This slight increase has been generalized and has been registered in 16 of the 17 autonomous communities.



The economic consequences of the Covid crisis made a dent in the real estate market, and has reflected in the 16.7% collapse of sales in Spain in 2020 to 419,898 transactions. As a result, experimental ways of life are introduced into the real estate market to compensate for the lack of social interaction between people.

Spain Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

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The house price to income ratio in Spain stood at ****** points in the first quarter of 2025. This is higher than the observation from the first quarter one year earlier, when the ratio had been ****** points.