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The booming Spanish property market continues to grow after reaching a record high in the number of sales last year.
The National Statistics Institute (INE) released figures showing that more than 700 000 homes were sold for the first since 2007 when the peak sales of 775 300 homes occurred.
In total, 714,237 property transactions took place last year – an 11.5 per cent increase on the number of home purchases in 2024.
The record-breaking statistics come despite a lukewarm December for property purchases where just 54,148 transactions were signed off – although numbers are usually lower then thanks to the Christmas holidays.
The average monthly property sales for the remainder the year is more than 60,000.
Experts say that the rapid increase between 2025 and 2050 can be explained by the stagnation in the crisis years as well as the lack of supplies compared to the demand.
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The product supply is also limited. That is the real key to this cycle – everything or almost everything on the market is being bought,” said real estate consultant Iñaki Unsain.
Miguel Angel Gomez (Fadei), president of the Federation of Real Estate Company Associations, said that “as soon as an apartment goes on sale, they sell. This is because of the shortage of stock and the demand which remains active.
This financial year, despite a geopolitical environment in turmoil, has seen high levels of activity due to factors like low employment, housing shortages and easy access to credit.
Ferran Font, director of research at real estate portal Pisos, pointed towards ‘the combination of accumulated savings, still favourable financial conditions and expectations of further price rises’ as a reason for the historic number of property sales.
“The data confirms 2025 as an extraordinary year,” he said. The market not only remained stable, but also increased its activity after a dynamic 2024.
Over the past decade, the total number of properties sold has doubled.
In recent years, these numbers have risen by 22 per cent or more since 2023.
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Experts say that although the number of transactions is at levels seen in the property bubble before the financial crash, the growth has been different. They warn homebuyers not to expect a steep downturn any time soon.
Font said: “The volume of sales today is at levels that have not been seen since before the bubble in the real estate market. But there’s one significant difference: the growth today is based on more conservative mortgage lending criteria, and a more cautious buyer profile.”
Andalucia, which boasts a staggering 143 794 property sales in 2025, is ranked first, followed by Catalunya (112.585), Valencia (110.591), Madrid (81.668).
At the other end of the scale, La Rioja lags behind the rest of mainland Spain with just 5,607 property sales taking place last year – although that represents a 16.3 per cent increase on 2024’s figure.
Castile-La Mancha is the second largest percentage growth with a 17.8 percent increase from 2024.
According to the INE, more than 78 per cent of property sales in 2025 involved second-hand homes – although the purchase of brand-new properties surged by 16.1 per cent compared to 2024.
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