Costa News Spain Breaking News | English News in Spain.
The Real Estate Activity Registry Index shows that the Spanish real estate market grew 11.1% from the same quarter last year to the first three months of 2025, according to IRAI.
This rate continues to show an upward trend. However, it shows a slight slowdown in comparison to the previous quarter.
Also, in previous years, there has been ‘significant growth’, such as in 2022.
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This growth decreased gradually throughout 2023 because of a shifting real estate market due to changing interest rates.
Mortgages grew 16.6%, and property sales grew 19.4%.
It also means that the prices of property have increased, and more precisely by 1.76% from the last quarter in 2024.
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Even the real estate activity surpassed its last quarter peak, which occurred in 2007, right before the global financial crisis.
The price of goods and services increased in all Spanish regions, but Andalucia was the most affected, followed by Aragon, Navarra, and Valencia.
This rebound is in line with a new real estate cycle following the impact that higher interest rates had on the market between 2023 and 2024.
