In the second quarter of 2026, prices for resale housing in Spain rose by 15.8% year-on-year. According to the latest price index from Idealista, the cost per square metre reached 2,823 euros.
In quarterly terms, prices rose by 4.2% over the last three months. With this figure, Spain has reached a new all-time high in resale housing prices.
The market is moving at two speeds
According to representatives of Idealista, the sales market is currently developing at two speeds in terms of prices: more affordable markets continue to record double-digit growth, in some cases exceeding 20% year-on-year, while large markets show a clear trend towards price stabilisation.
For example, in Madrid, prices increased by 25% at the end of the second quarter of 2025, whereas this year they rose by only 6.6%.
Apparently, the high prices reached in these markets have led to a significant part of demand withdrawing, which in turn is causing a noticeable increase in available supply. It is very likely that this trend towards rising stock and price stabilisation will continue in the coming months, and it cannot be ruled out that some price decreases may be recorded in large markets by the end of the year.
How prices changed in provincial capitals
Over the last 12 months, prices rose in all provincial capitals except Melilla, where they fell by 0.9%.
Ciudad Real recorded the strongest price increase (25.4%), followed by León (21.1%), Salamanca (18.3%), Burgos (17.8%), Huelva (16.3%) and Cáceres (15.9%). The smallest increases were recorded in Huesca (2.7%), Albacete (4.9%) and Seville (5.6%).
Among the major markets, the most notable resale housing price increases occurred in Bilbao (10.1%), Valencia (9.9%), Málaga (9.4%), Barcelona (7.1%), Palma (7.1%), Madrid (6.6%), Alicante (5.7%) and San Sebastián (5.7%).
San Sebastián is the most expensive provincial capital (6,415 euros/m²), ahead of Madrid (6,013 euros/m²), Barcelona (5,269 euros/m²), Palma (5,257 euros/m²) and Bilbao (4,013 euros/m²). At the opposite end is Zamora, the most affordable capital, with an average price of 1,379 euros/m².
In June this year, maximum prices were recorded in 24 of the 52 Spanish capitals analysed, including all of Spain’s major markets.
Price dynamics by province
As in the case of capitals, prices rose in almost all provinces over the last 12 months; the only exception was Ourense (-0.5%).
The strongest growth was recorded in Murcia – 21.1%, followed by Valencia (20.4%), Toledo (18.6%), Cantabria (18.4%), Zaragoza (18.2%), Guadalajara (17.5%), Granada (16.2%) and Almería (15.5%). By contrast, the smallest increases were recorded in Zamora (1.9%), Soria (2.2%), Lugo (3.3%) and Jaén (4.7%).
The ranking of the most expensive provinces is led by the Balearic Islands – 5,337 euros/m². The top five also include Madrid (4,786 euros/m²), Gipuzkoa (4,454 euros/m²), Málaga (4,183 euros/m²) and Biscay (3,473 euros/m²).
The most budget-friendly options can be found in Ciudad Real (831 euros/m²), Jaén (876 euros/m²) and Cuenca (898 euros/m²).
Autonomous communities: prices rose in every region
Over the last 12 months, prices rose in all autonomous communities in Spain. The strongest growth was recorded in Murcia – 21.1%.
Double-digit increases were also recorded in Cantabria (18.4%), Andalusia (16.6%), Castilla-La Mancha (14.7%), Aragon (14.6%), Asturias (14.5%), Catalonia (14%), the Valencian Community (13.3%), Navarre (13%), the Basque Country (11.9%), Madrid (11%), Castilla y León (10.9%) and Galicia (10%).
The most moderate growth occurred in the Balearic Islands (6.8%) and the Canary Islands (7.4%), as well as in La Rioja (9.4%) and Extremadura (9.9%).
The Balearic Islands remain the most expensive autonomous community – 5,337 euros/m², the highest price ever recorded by Idealista. The Community of Madrid ranks second (4,786 euros/m²), also reaching its historical maximum.
The Basque Country is in third place (3,611 euros/m²), followed by the Canary Islands (3,297 euros/m²). The most affordable autonomous communities were Extremadura (1,083 euros/m²), Castilla-La Mancha (1,113 euros/m²) and Castilla y León (1,359 euros/m²).
For buyers considering apartments in Spain or houses in Spain, this trend highlights the importance of choosing the right location, budget and purchase strategy.
Photo: JJFarq_Shutterstock.com
