If you’re pondering of shopping for a property in Spain subsequent 12 months, or renting one out, you’ll wish to know what the projections are for the state of the market in 2026.
Property costs in Spain have elevated dramatically up to now few years, resulting in a extreme housing disaster.
This has been fuelled additional by a housing deficit, a rise within the variety of overseas patrons, and modifications within the kinds of properties individuals are searching for.
This, mixed with a excessive demand and lack of provide, has meant that costs have stored on rising.
READ ALSO: The ignored elements inflicting Spain’s housing disaster
Despite the dire state of affairs, actual property exercise has been intense all through 2025, pushed by low rates of interest and purchaser confidence in the actual property market as a superb place for funding.
In their new report “The Real Estate Pulse Meter”, the Real Estate Business School along with the University of Málaga forecast that residence gross sales, costs and mortgage signings will proceed to develop strongly subsequent 12 months.
The research’s forecasts a 7.6 p.c improve in transactions of newly constructed properties in Spain in 2026 and an 8.7 p.c improve in transactions of current houses, though the signing of latest mortgage contracts will stabilise to +0.4 p.c in comparison with 2025.
According to Spain’s National Statistics Institute, property costs in 2025 have risen 12.8 p.c in comparison with final 12 months, marking 42 consecutive quarterly will increase.
READ ALSO: Foreigners purchase over 60 p.c of Spain’s luxurious houses
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Property in Spain is now 83 p.c costlier than in 2015 and 21 p.c costlier than on the top of the housing bubble (2007-2008).
Idealista property web site lists the common worth as of November 2025 as €2,605 /m2. This has already grown since October by 2 p.c.
According to property web site Fotocasa, the consensus amongst consultants is that buy costs will proceed to rise in 2026, though much less sharply than seen beforehand.
The BBVA Research Real Estate Observatory additionally agrees, saying that the shortage of latest housing development will trigger property costs to proceed to rise in 2026 by round 7 p.c.
Héctor Tramullas, CEO of Gilmar actual property company agrees, estimating that costs will proceed a “reasonable upward development, round 4-6 p.c”.
Teresa Marzo, CEO of actual property company Elix additionally places the rise at an analogous price. “We estimate that the rise shall be extra reasonable than in earlier years, settling at round 5-6 p.c yearly,” she advised Fotocasa.
READ ALSO: Spain’s authorities helps limits on overseas homebuyers within the Canaries
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Some consultants imagine that the rise shall be a lot increased than this, nevertheless. Ricardo Martí-Fluxá, enterprise and company improvement director of Gesvalt, predicts a year-on-year variation of round 9 to 10 p.c in comparison with 2025.
Antonio Pérez de la Torre, common supervisor of Alfa Inmobiliaria advised Fotocasa that common worth for property in Spain “will exceed €305,000 for brand spanking new development and shall be round €204,000 for second hand houses”.
Renting in Spain in 2026
Just like with property sale rices, rents in Spain have skyrocketed up to now few years, resulting in a extreme housing disaster with a deficit of accessible properties in the marketplace and huge teams of the inhabitants unable to afford respectable housing.
Prices reached report highs in 2025, marking three consecutive years of report will increase. According to Fotocasa, there was a 27 p.c rise in simply the previous 5 years.
So what is the outlook for 2026, will rents proceed to extend on the similar charges or will the market lastly begin to enhance?
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Experts at Fotocasa imagine that primary issue that may proceed to outline the rental market in 2026 are the problems attributable to the Housing Law, which has given landlords numerous authorized uncertainty.
New laws and the withdrawal of properties from the market are the principle considerations, inflicting costs to extend even additional.
Some of the legal guidelines have been so pro-tenant, that renting out properties turns into a authorized minefield for landlords. Many are additionally too scared to lease long-term, fearful about tenants defaulting on funds and persevering with to occupy their properties.
Fotocasa’s forecast is that offer will stay restricted and even lower, fuelling even higher worth rises.
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According to rental platform Wolo, a rise of rental costs between 3 and 5 p.c is estimated in city areas. They count on this shall be notably noticeable in massive cities reminiscent of Madrid, Barcelona, Valencia, Malaga and Seville.
David de Gea, CEO of HousinGo, advised Fotocasa that he believes the rental market “will proceed to indicate related traits to current years: accessibility difficulties, competitors amongst tenants and a market clearly beneficial to the owner”.
The Ministry of Social Rights, Consumer Affairs and Agenda 2030 has analysed the variation within the common worth per sq. metre from 2021 to the current day and their conclusion is that rents will rise by as much as €383 per 30 days in 2026.
The Balearic Islands is predicted to be the area the place rents will rise probably the most, adopted by Valencia after which the Canary Islands.
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The Ministry of Consumer Affairs, additionally warns of additional issues within the rental market in 2026, which may clarify a few of these anticipated worth improve.
A complete 632,369 rental contracts had been signed in 2021, and the overwhelming majority will expire subsequent 12 months, having reached the authorized five-year lease time period stipulated by legislation. This means greater than 1.6 million folks shall be compelled to resume their contracts at increased charges or should search for new housing in market the place provide is already low.
Since these contracts had been signed, the common lease for an 80-square-metre condominium has risen from €864 to €1,160, which means that tenants now must pay about €300 extra per 30 days to lease the identical condominium.
There is a few excellent news on the horizon, nevertheless, as the federal government has introduced the launch of Casa 47 – the Spanish authorities’s new public housing division, which goals to offer social housing at reasonably priced rental prices, not exceeding 30 p.c of the common wage in every area. Access to this, nevertheless, shall be earnings based mostly, so it should rely on if you happen to meet the necessities.
