Used housing prices start 2026 with record increases

The price of housing has reached €2,650/m², a new record · Prices rise 14.8% in Madrid and 9.4% in Barcelona

The price of used homes in Spain recorded a year-on-year increase of 18.4% in January, reaching €2,650 per square meter, according to the latest real estate price index. This figure also represents a 3.7% increase over the last three months, a 0.4% rise compared to the previous month, and the highest price for used housing in Spain since we began keeping records.

All autonomous communities show higher prices compared to last year

The Region of Murcia (25.8%) leads the increases, followed by Andalusia (21.4%), Asturias (19.2%), the Community of Madrid (19.1%), and Cantabria (18.5%). Below the national average are the increases in the Valencian Community (17.8%), Aragon (14.6%), Catalonia (14.3%), the Basque Country (13%), Castilla-La Mancha (12.2%), and the Canary Islands (11.7%). Increases below 10% were recorded in the Balearic Islands (9.8%), Navarre (9.6%), La Rioja (8.6%), and Castilla y León (8.4%). Galicia (7.6%) and Extremadura (8.3%) posted the smallest rises.

The Balearic Islands, at €5,194/m², are the most expensive region, followed by the Community of Madrid (€4,585/m²). They are followed by the Basque Country (€3,460/m²), the Canary Islands (€3,200/m²), Andalusia (€2,784/m²), and Catalonia (€2,776/m²). At the opposite end of the table are Extremadura (€1,040/m²), Castilla-La Mancha (€1,048/m²), and Castilla y León (€1,287/m²), which are the most affordable regions.

Valencia, Murcia, and Asturias: the provinces with the largest increases

As many as 49 provinces have higher prices than those recorded in January last year, with the sole exception of Ourense (-2.8%). The biggest increase occurred in the province of Valencia, where sellers’ expectations rose by 25.9%, followed by Murcia (25.8%), Asturias (19.2%), Madrid (19.1%), and Almería and Toledo (19% in both provinces). In the province of Barcelona, growth reached 13.9%.

The Balearic Islands remain the most expensive province to buy a used home (€5,194/m²), ahead of the Community of Madrid (€4,585/m²). They are followed by Gipuzkoa (€4,265/m²), Málaga (€4,082/m²), Santa Cruz de Tenerife (€3,366/m²), Biscay (€3,321/m²), and Barcelona (€3,123/m²).

Ciudad Real is the most affordable province, with a price of €779 per square meter, followed by Jaén (€858/m²) and Cuenca (€861/m²).

All Spanish provincial capitals have experienced increases in used housing prices over the past 12 months

The sharpest rise occurred in Santa Cruz de Tenerife, where prices grew by 26.3% over the last year. It is followed by León (23%), Guadalajara (22.3%), Murcia (19.1%), and Teruel (18.9%). In contrast, the city of Melilla (2.6%) recorded the smallest year-on-year increase, along with Cádiz (3.8%), Ceuta (4.2%), and Vitoria and Girona (6% in both cases).

Among the major markets, prices increased 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%).

With this increase, the price in Madrid now stands at €5,861/m², while in Barcelona it has reached €5,148/m². Meanwhile, San Sebastián is the most expensive capital in Spain, with prices at €6,480/m². Zamora, on the other hand, is the cheapest capital at €1,300/m², followed by Jaén (€1,403/m²) and Lleida (€1,458/m²).