The price of second-hand housing for sale grows at its fastest rate in April (12%)

The price stands at €2,350/m²: a new record for second-hand housing prices in Spain

The price of second-hand housing in Spain recorded a 12% year-on-year increase in April, reaching €2,350/m², according to the latest real estate price index. This figure also represents a 5% rise over the last three months, a 1.7% increase compared to the previous month, and the highest price for second-hand housing in Spain since Idealista began tracking data.

Housing prices are rising across all of Spain

All autonomous communities show higher prices compared to the previous year. The Community of Madrid (23.2%) leads the increases, followed by the Canary Islands (16.8%), the Valencian Community (16.3%), the Region of Murcia (15.3%), the Balearic Islands and Andalusia (both 13.7%). Below the national average are the increases in Cantabria (11.7%), Asturias (9.4%), the Basque Country (7%), Catalonia (6.5%), Aragon (3.2%), Navarre (3.2%), and Galicia (3%). The smallest increases occurred in La Rioja (1.3%), Castile and León (2.2%), and Castilla-La Mancha (2.9%).

Balearic Islands remain the most expensive region, at €4,836/m², followed by the Community of Madrid (€4,148/m²). Next are the Basque Country (€3,123/m²), the Canary Islands (€2,983/m²), and Catalonia (€2,534/m²). On the other end of the scale are Castilla-La Mancha (€960/m²), Extremadura (€973/m²), and Castile and León (€1,213/m²), making them the most affordable communities.

Balearic Islands reaffirm their position as the most expensive province in Spain

A total of 42 provinces show higher prices than those recorded in April last year. The largest increase was seen in the Community of Madrid, where seller expectations rose by 23.2%, followed by Santa Cruz de Tenerife (18.4%), Málaga (15.5%), the Region of Murcia (15.3%), Alicante (14.8%), and Valencia (14.6%). On the contrary, 8 provinces experienced decreases in second-hand housing prices, led by Ourense (-5.9%), Badajoz (-4.2%), Jaén (-2.4%), Córdoba (-1.6%), and Cuenca (-1.5%).

The Balearic Islands reaffirm their status as the most expensive province to buy second-hand housing (€4,836/m²), ahead of the Community of Madrid (€4,148/m²). Following them are Gipuzkoa (€3,781/m²), Málaga (€3,671/m²), Santa Cruz de Tenerife (€3,173/m²), Biscay (€2,992/m²), and Barcelona (€2,888/m²).

Ciudad Real is the most affordable province, with a price of €747 per square meter. Next are Jaén (€824/m²) and Cuenca (€836/m²).

10 capitals reach record housing prices in April

As many as 51 provincial capitals experienced increases in second-hand housing prices over the past 12 months, with Huesca being the only one to register a decrease: -5.2%. The sharpest rise occurred in Madrid, where the price grew by 24.3% over the last year. Next are the cities of Valencia (20.3%), Málaga (19.4%), Palma (18.7%), and Santander (17.4%). Conversely, the city of Girona (0.5%) had the smallest year-on-year increase, along with Ourense (1.3%), Murcia (2.8%), Jaén and Ceuta (both 2.9%).

Among major markets, besides Madrid, Valencia, Málaga, and Palma, prices also rose in Seville (13.5%), Alicante (13.4%), Barcelona (11.7%), San Sebastián (7.8%), and Bilbao (7.2%).

With this increase, the price in Madrid now stands at €5,467/m², while in Barcelona it is €4,875/m².

San Sebastián is the most expensive capital in Spain, with prices at €5,953/m². In contrast, Zamora is the most affordable capital, at €1,202/m², followed by Jaén (€1,215/m²) and Lleida (€1,308/m²).