House prices in Spain

Asking prices have an 80% chance of landing between €3,001/m² and €3,338/m² by September 2027.

At the average appraised value, a 90 m² home costs €211,950. With 10% down and a 30-year mortgage, the payment is €808 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

In Q2 2026, sellers asked 22.2% more than appraisers valued homes at. A year ago the gap was +14.3%.

42.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Buyers living abroad bought 7.0% of the homes sold here in the four quarters to Q2 2026.

Appraised values have fallen by 3% or more 2 times since 1995. The deepest began in Q1 2008.

In 2024 the population grew by 510,212 while 97,837 homes were finished: 5.2 new residents for every new home.

14.4% of the 26,623,708 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

In 2025, 16% of the homes authorised were in existing buildings: conversions, extensions and changes of use.

Public bodies signed €771.7M of housing works here in 2025, and €2.4B since 2017.