Key market indicators for January 2026
According to the latest data from the Idealista portal, in January 2026 the average price of resale housing in Spain increased by 18.4% year-on-year and reached €2,650/m². This also means a 3.7% rise over the last quarter, a 0.4% increase compared to the previous month, and a record high since statistics began.
Price growth by autonomous communities
In every autonomous community, resale housing prices are higher than a year ago.
Murcia leads in price growth (25.8%), followed by Andalusia (21.4%), Asturias (19.2%), the Community of Madrid (19.1%) and Cantabria (18.5%).
Below-average figures for the country were recorded in the Valencian Community (17.8%), as well as in:
- Aragon (14.6%),
- Catalonia (14.3%),
- the Basque Country (13%),
- Castile–La Mancha (12.2%),
- the Canary Islands (11.7%).
The smallest increases were recorded in Galicia (7.6%) and Extremadura (8.3%).
Prices by autonomous communities: where it’s most and least expensive
The most expensive autonomous community for resale housing is the Balearic Islands — €5,194/m², ahead of Madrid (€4,585/m²), as well as:
- the Basque Country (€3,460/m²),
- the Canary Islands (€3,200/m²),
- Andalusia (€2,784/m²),
- Catalonia (€2,776/m²).
At the opposite end are:
- Extremadura (€1,040/m²),
- Castile–La Mancha (€1,048/m²),
- Castile and León (€1,287/m²).
Dynamics by provinces
The levels recorded in January last year are higher in 49 provinces, with one single exception — Ourense (-2.8%).
The largest increase was observed in the province of Valencia (25.9%).
Next come:
- Murcia (25.8%),
- Asturias (19.2%),
- Madrid (19.1%),
- Almería and Toledo (both 19%).
In the province of Barcelona, the figure reached 13.9%.
The most expensive and the most affordable provinces
The Balearic Islands remain the most expensive province for buying residential property on the resale market (€5,194/m²), ahead of Madrid (€4,585/m²), as well as:
- Gipuzkoa (€4,265/m²),
- Málaga (€4,082/m²),
- Santa Cruz de Tenerife (€3,366/m²),
- Biscay (€3,321/m²)
- and Barcelona (€3,123/m²).
The cheapest home purchase will be in Ciudad Real (€779/m²), Jaén (€858/m²) and Cuenca (€861/m²).
Provincial capitals and major markets
Over the last 12 months, resale housing prices increased in all provincial capitals.
The strongest rise was in Santa Cruz de Tenerife, where prices grew by 26.3% over the year.
Also notable are:
- León (23%),
- Guadalajara (22.3%),
- Murcia (19.1%)
- and Teruel (18.9%).
By contrast, the lowest annual growth was recorded in Melilla (2.6%), Cádiz (3.8%), Ceuta (4.2%), and Vitoria and Girona (6% in both cases).
Among the major markets, prices rose noticeably in Valencia (15.9%), Madrid (14.8%), Palma (13.4%), Seville (12.8%), Bilbao (12.2%), Málaga (12.2%), Alicante (11.2%), San Sebastián (10.9%) and Barcelona (9.4%).
The most expensive city in Spain to buy a home is San Sebastián (€6,480/m²), and the cheapest is Zamora (€1,300/m²). In Madrid, the average price stood at €5,861/m², and in Barcelona — €5,148/m².
