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HOUSE prices in Spain rose by 12.9% last year – the highest figure since early 2007 when costs went up 13.1%.
The figures are much higher than the 7% increase projected for 2025 in a study conducted by a Barcelona real estate agency in September. Donpiso.
Data were compiled by INE using information provided by General Council of Notaries.
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The prices of new homes increased by 11.2% in comparison to 2024. Second-hand property prices rose 13.1%.
This also means that there are 12 years in a row of increases in the price of Spanish property.
All regions experienced price increases in the fourth quarter 2025. The largest were Castilla y Leon (15.3%), Aragon (14.4%), Murcia (14.4%) La Rioja (14.4%) Madrid (14.2%) and Galicia (14.1%).
Catalunya (10.9%), Canary Islands (11%) et Navarre (11.14%) all recorded more modest increases.
Ferran Font of real estate portal Pisos.com According to Mr. Xu, “We are faced with a dynamic market driven by a demand that is increasingly active but cannot keep pace in the context of falling rates and a fast-paced environment.”
“In the short term, it is difficult to anticipate a change in trend, as none of these three factors – demand, supply and financial conditions – look set to see significant changes in the coming months,” Font added.
In 2025, seven out of every ten transactions will be for second-hand houses. This will cause prices to rise significantly.
New-build houses have become less costly in the past year
Miguel Angel Gomez Huecas is the president of the Federation of Associations of Real Estate Companies. El Pais Newspaper: “We can’t continue as we are”
Prices will continue to rise as long as governments do not take urgent action to increase residential supply.
He said: “We’ll end up slowly settling down into a model of residential housing that is substandard, which is something that any country who wants to call itself developed will find unacceptable.”
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