In accordance with the Fotocasa actual property index, present residence costs in Spain rose by 17.2% year-on-year on the finish of the second quarter of 2026.
Costs additionally rose by 4% between April and June, averaging 3,133 euros per sq. meter in June. Current home costs in Spain hit report highs within the first 4 months of this yr and are actually at their highest stage in 21 years.
Maria Matos, Head of Analysis and Spokesperson at Photocasa, attributes this pattern to a pointy imbalance between robust demand and restricted provide. She explains {that a} lack of accessible actual property in main markets, financing circumstances and demographic pressures are driving up costs and making housing tougher to entry.
“The result’s ever-increasing worth will increase, rising housing inaccessibility, and widening the affordability hole for almost all of households,” Matos stated.
Fotocasa’s knowledge is in keeping with the developments proven by the Nationwide Institute of Statistics (INE) statistics, though the 2 use totally different methodologies.
Whereas actual property portals analyze the asking worth of marketed properties, INE measures the value of the properties that may finally be bought. In accordance with the institute, general housing costs rose 12.9% year-on-year within the first quarter of 2026, and costs of present properties rose 13.5%.
Murcia leads the rise
Costs elevated in 16 autonomous communities within the second quarter.
Murcia recorded the best charge of enhance at 8.6%, adopted by Cantabria (6.3%), Neighborhood of Valencia (5.9%), Castilla and León (5.6%) and La Rioja (5.1%). The one area the place costs fell was the Canary Islands, which fell by 0.7%.
On an annual foundation, Murcia as soon as once more got here out on high with a rise of 28%, forward of Cantabria (20%), Valencian Neighborhood (19.8%), Asturias (17%) and Andalusia (16.9%).
The report additionally highlights that “June 2026 ended with 14 autonomous communities recording double-digit will increase in comparison with the earlier yr, in comparison with 11 in 2025, six in 2024 and 7 in 2023.”
The Balearic Islands and Madrid stay the costliest areas to purchase a second-hand residence, at €5,441 and €5,410 per sq. meter respectively.
That is adopted by the Basque Nation (3,925 euros), Catalonia (3,418 euros) and the Canary Islands (3,374 euros). On the different finish of the spectrum are Extremadura (€1,352), Castilla-La Mancha (€1,407) and Castilla y León (€1,816).
States, capitals and main cities
Forty-six states recorded quarterly will increase, with León (10.7%), Palencia (10.2%) and Murcia (8.6%) recording the sharpest will increase, whereas costs fell solely in Cuenca, Huelva, Santa Cruz de Tenerife and Avila.
The best buy worth for an present house is within the Balearic Islands, at 5,441 euros per sq. meter, adopted by Madrid (5,410 euros), Gipuzkoa (4,695 euros) and Malaga (4,690 euros). Jaén stays probably the most inexpensive, at 1,112 euros per sq. meter.
Among the many regional capitals, Leon recorded the most important enhance within the quarter, whereas Donostia San Sebastian maintained the best common worth in Spain at 7,158 euros per sq. meter, forward of Madrid (6,630 euros), Barcelona (5,368 euros), Parma (5,275 euros), Malaga (4,320 euros) and Bilbao (4,157 euros).
At municipal stage, Ibiza’s Santa Eulalia des Riu tops the nation at 8,491 euros per sq. meter, adopted by Sant Antoni de Portmany (8,284 euros) and Ibiza (7,441 euros). In Madrid, the Salamanca neighborhood reached €10,786 per sq. meter, whereas in Barcelona, the Sarria-Sant Gervasi space topped the checklist at €7,540 per sq. meter.
