Spanish resale housing prices reached an average of 3,154 euros per square metre in July, marking a 16.2% annual increase.
Key facts
- •The average price of a home in Spain has exceeded 250,000 euros for the first time.
- •María Matos of Fotocasa attributes the price growth to insufficient supply against robust demand.
- •Fourteen of Spain's 17 autonomous communities recorded price increases exceeding 10%.
- •Santa Eulària des Riu in the Balearic Islands is the most expensive municipality at 8,494 euros per square metre.
- •The Barrio de Salamanca in Madrid remains the most expensive district at 10,682 euros per square metre.
The average price for resale housing in Spain reached 3,154 euros per square metre in July, according to the Fotocasa Property Index. This figure represents a 0.7% increase from the previous month and a 16.2% rise compared to the same period last year. For a standard 80-square-metre flat, the average cost has increased by 35,094 euros over the past twelve months, bringing the total to 252,308 euros.
By the numbers
Regional and Provincial Price Trends
All 17 autonomous communities in Spain recorded price increases in July. Murcia saw the highest growth at 26.2%, while the Balearic Islands and Extremadura experienced the most moderate rises. Madrid remains the most expensive region, with prices nearing 5,500 euros per square metre. At the provincial level, 48 of 50 analyzed areas saw price hikes, with Ávila and León joining Murcia as the provinces with the highest increases. Only Teruel and Huelva recorded price declines.
Major Cities and Municipal Variations
Donostia-San Sebastián is currently the most expensive provincial capital at 7,120 euros per square metre, followed by Madrid and Barcelona. In Madrid, an 80-square-metre flat now costs 529,900 euros, a 9.2% increase over the year, while Barcelona saw a more modest 3% rise to 424,280 euros. Across 404 municipalities analyzed, 93% reported year-on-year price growth, with Catral recording the highest jump at 129.7%.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Euronews Business.
