House prices

💶 House prices

How much it costs to buy a home in Spain and how that has changed. There are two complementary official sources: the Ministry of Housing's appraised value, which gives euros per square metre and goes down to provinces and municipalities, and the INE's House Price Index, which tracks the prices of notarised sales at constant quality. Everything is shown adjusted for inflation, in 2025 euros.

Real price trend

INE House Price Index adjusted for inflation (2015 = 100). The real peak of the series, which starts in 2007, was in 2007-T3; in 2025-T4 the real price is 14.7 % below it. In the latest quarter, new homes rose by 8.0 % in real terms and second-hand homes by 9.8 %.

By region

Appraised value per square metre in the selected region compared with Spain, in 2025 euros.

By province

In 2026-T2 the province with the most expensive square metre is Madrid (3,965 €/m²) and the cheapest is Ciudad Real (828 €/m²): a square metre in the former costs 4.8 times as much. Only one province is at their highest real level since 2002.

Municipalities with more than 25,000 inhabitants

Average appraised value for 2025 (average of its four quarters, weighted by the number of appraisals), in 2025 euros. With few appraisals the figure is less reliable.

Sources: Ministry of Housing and Urban Agenda, appraised value of open-market housing (tables 1 and 5, based on mortgage appraisals; average value of all open-market housing, new and used) and INE, House Price Index, table 25171 (base 2015, based on notarised sales). Deflated with the INE general CPI (base 2025), quarter by quarter.