According to a study by Solvia, a company providing real estate services, in the first half of 2026 housing in Spain will rise by 6–9%.
Also noted are:
- growth in the number of home sales transactions;
- stable or rising rental prices;
- constraints on new construction;
- overall, an imbalance between supply and demand that will persist throughout most of the year.
Home sales transactions and strong demand
The volume of home sales transactions, which, according to the National Statistics Institute (INE), grew by 11.5% in 2025 to 714,237, will be affected by “chronic market factors”.
These include:
- supply shortages;
- an imbalance between supply and consistently high demand;
- construction costs;
- access to mortgage loans;
- economic growth.
Thus, the number of home sales transactions will increase by 3–5% year-on-year, but market pressure will continue to constrain the possibility of closing deals and slow transaction growth even amid strong interest from buyers. In 2026, higher competition is expected for high-liquidity properties: with convenient locations, in good condition, or fairly priced.
Limited new construction and rentals
At the same time, the company believes that new housing construction will remain limited, with a possible increase in the number of building permits by 10–12% by the end of the year, but still without the ability to meet demand. This trend will persist throughout most of 2026.
As for rentals, after seasonal adjustment prices will tend to stabilize or rise, supported by the shortage of supply. At the same time, pressure on prices will be more intense in large cities and coastal areas.
Pressure on the market in Madrid and Barcelona
In fact, the study notes an overall rise in prices in Madrid and Barcelona, with peaks in central districts and steady price growth in areas traditionally considered more affordable, which intensifies territorial pressure on the market. In both cities, housing prices continue to rise to the point that all districts are showing an increase in the price per square metre compared to the previous quarter.
In particular, the highest prices are recorded in the following districts:
- Salamanca – 7141 euros/m2;
- Chamberí – 6676 euros/m2;
- Chamartín – 6098 euros/m2;
- Sarrià-Sant Gervasi – 5409 euros/m2;
- Les Corts – 4862 euros/m2;
- L’Eixample – 4700 euros/m2.
Housing renovation and overall market dynamics
Finally, it is noted that housing renovation is gaining weight as an additional lever, since since 2019 it has accounted for around 55% of licences, but it still does not offset the existing imbalance.
The Spanish real estate market is dynamic, attracts investment and maintains a stable supply, supported by solid macroeconomic indicators. However, the problems that marked 2025 will remain in 2026, so it will still be necessary for all market participants to contribute to maintaining momentum and the market’s ability to respond across all segments.
