Key facts
- The average asking price for resale homes in Spain reached €3,133 per square meter in June.
- This represents a 4% increase in the second quarter and a 17.2% rise compared to June 2025.
- Spanish resale home prices are at their highest level in 21 years.
- The trend is driven by a strong demand and limited supply imbalance, according to Fotocasa.
- The Region of Murcia recorded the largest quarterly price increase at 8.6%.
Resale home prices in Spain have reached a 21-year high, with the average price per square meter hitting €3,133 in June. This marks a 4% increase in the second quarter and a significant 17.2% rise year-on-year, according to data from the Fotocasa Real Estate Index. Fotocasa's head of research, María Matos, attributes this surge to a pronounced imbalance between robust demand and a constrained supply of available properties, exacerbated by financing conditions and demographic pressures in key markets. This situation is widening the affordability gap for many households.
The trend aligns with statistics from the National Statistics Institute (INE), which measures sold properties rather than advertised asking prices. The INE reported an overall housing price increase of 12.9% year-on-year in the first quarter of 2026, with second-hand homes becoming 13.5% more expensive.
Price increases were observed across 16 autonomous communities during the second quarter. The Region of Murcia led with an 8.6% rise, followed by Cantabria and the Valencian Community. Annually, Murcia again showed the largest increase at 28%. The Canary Islands was the sole region to experience a price drop, falling by 0.7%.
Double-digit year-on-year increases were noted in 14 autonomous communities by June 2026, a notable increase from previous years. The Balearic Islands (€5,441 per square meter) and Madrid (€5,410 per square meter) remain the most expensive regions. At the lower end, Extremadura (€1,352 per square meter) and Castile-La Mancha (€1,407 per square meter) are the most affordable.
Among provinces, León, Palencia, and Murcia saw the sharpest quarterly increases. The Balearic Islands also leads as the most expensive province. Among provincial capitals, Donostia-San Sebastián has the highest average price at €7,158 per square meter, followed by Madrid and Barcelona. At the municipal level, Santa Eulària des Riu in Ibiza recorded the highest price at €8,491 per square meter.