In November 2025, Spain’s home sales statistics returned to positive territory two months later. The number of purchase-and-sale transactions rose by 7.8% year-on-year to 58,546 deals — the best November figure since the statistics began in 2007. However, this is 9,200 fewer deals than in October, when the 2025 peak was recorded.
What grew faster: second-hand housing and new builds
Data published by the National Statistics Institute (INE) show that the annual increase was driven primarily by a rise in transactions for second-hand homes (up 8.9% to 45,804) and, to a lesser extent, for new builds (up 4.1% to 12,742). According to Fotocasa Research, 20% of potential buyers want to purchase only new housing, and 65% considered that option at some stage of the process.
In the absence of full-year data, the current pace — close to 60,000 signed contracts per month — would make last year the best since 2007, when 775,000 deals were completed. Fotocasa experts explain this “golden age” of home buying and selling by the momentum provided by low interest rates, buyer confidence, high household savings, and significantly more favorable mortgage lending conditions.
2026 outlook: rates, Euribor, and supply shortages
In 2026, maintaining a level of 60,000 monthly purchase-and-sale transactions will depend on interest rates and Euribor stabilizing at around 2.5%. Although financing will still be accessible, banks are expected to leave behind intense commercial competition and opt for more “cautious” products aligned with conditions of greater monetary stability, which may slightly slow sales compared with the 2025 highs. In addition, the ongoing shortage of supply at competitive prices will continue to act as a structural brake on the market, and difficulties in finding a home that fits the buyer’s budget will increase.
