The in Spain continues its climbing without brake and reaches levels that have not registered for more than 17 years in the value of the properties. According to the latest data from the Ministry of Housing and Urban Agenda, in the second quarter of 2025 it increased 10.4% compared to the same period of the previous year, until it is located at 2,093.5 euros per square meter. This value is the most expensive third in this century, only behind the maximums reached in 2008, when the square meter reached 2,101 euros, although everything indicates that the current upward trend will continue during the next quarters, entering Spain in unknown land.
The escalation of the amounts is not uniform and the. The floors of less than five years, considered mostly first -hand, reach an average price of 2,440.2 euros per square meter, while those of more than five years are located at 2,083.1 euros, a difference of 357 euros that reflects the preference of buyers for more modern, efficient and ready to live. This phenomenon, more marked than during the years of the boom Real estate, suggests that the gap will continue to expand if the supply fails to adjust to high demand.
Territories analysis reveals even more extreme disparities. Madrid and Baleares lead prices, exceeding 3,500 euros per square meter and tripling the values of communities such as Castilla-La Mancha. The data makes it clear that the location of the property remains a decisive factor in the price. In Balearic Islands, an apartment can cost up to three times more than in Extremadura. In the case of new homes, the values are even more extreme: in Madrid they exceed 4,000 euros per square meter and in the Balearic Islands approach 4,100 euros, while in provinces such as Ciudad Real, the figure remains below 1,000 euros.
The indices of the National Statistics Institute (INE) confirm that the used housing has exceeded its own historical roof. In June 2025, the index that takes as a base of 2015 reached 173.9 points, exceeding 169.2 of 2007 and entering an unpublished land. The new housing, meanwhile, reached 206 points from the fall of 2020, consolidating the price escalation and evidencing that most of the market – the second -hand, which represents 78% of the operations – continues to grow without brake. This baby statistics from sources other than that offered by the Ministry, which is based on appraisal values and offers greater geographical detail.
He accompanies the upward movement of the market. Between January and June 2025, 243,257 loans, 25% more than in the same period of 2024 and the highest figure since the first half of 2011 were signed. The average amount of mortgages also grew 15.5%, up to 168,363 euros. The combination of more favorable demand, high demand and interest rates explains this dynamism: the average type remained around 2.99%, promoting many buyers to anticipate the acquisition in fear that prices continue to climb.
Meanwhile, the structural housing deficit adds pressure to the market. Between 2021 and 2024 a missing one of up to 765,000 units accumulated, which, according to a recent report by Caixabank Research, explains about 40% of the recent increase. The new construction offer barely covers 100,000 homes a year, compared to an estimated need of 240,000. To this is added the effect of tourism and foreign demand, which represents 18% of the sale.
