If you are pondering of shopping for a property in Spain this yr or subsequent, what are you able to count on to pay? Our map will allow you to see the large worth variations between areas.
The price of shopping for a property in Spain has skyrocketed lately and within the final yr alone costs have risen by 14.8 p.c.
According to consultants the surge in housing costs within the Spanish market is pushed by tight provide and rising demand.
If you’re wanting to purchase your dream property in Spain is it finest to attend to see if costs come down or must you act now to make sure they don’t rise even greater?
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According to property portal Idealista, the typical price per metre squared has now reached a historic most of €2,489 m/2.
If we take the typical property dimension of 100m2, this implies a house in Spain now prices a median of €249,800.
Real property company DonPiso estimates that gross sales might attain 800,000 transactions this yr, which might symbolize a rise of virtually 25 p.c in comparison with the 641,919 transactions carried out in 2024.
More than half of those transactions will likely be concentrated in Madrid, Catalonia , the Valencia and Andalusia, though a lot of transactions are additionally anticipated within the northern areas on account of residential tourism and its attractiveness to capital buyers.
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Of course, the typical will increase considerably because of the a lot greater price of properties in Spain’s most costly areas.
The most costly place to purchase a property in 2025 in Spain is the Balearic Islands with a median of €5,068 /m2. This means right here a 100m2 residence would price you simply over €500,000. This exceeds the value in most different areas by a substantial quantity.
The second most costly area is Madrid with a median of €4,384 /m2. Behind the capital is the Basque nation with a median of €3,287 /m2 after which the Canary Islands with €3,080 /m2. So count on to pay greater than €300,000 in any of those three areas.
At the opposite finish of the dimensions, essentially the most inexpensive area to purchase a property in Spain is Castilla-La Mancha the place properties price a median of 986/m2, adopted intently by Extremadura at €989m /m2. This signifies that a median 100m2 residence in both of those areas would price just below €100,000.
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The third most inexpensive area for property in Spain is Castilla y León the place they price a median of €1,244 /m2.
Since August 2024, property costs have risen essentially the most in Madrid with a rise of 23.3 p.c.Â
Surprisingly, that is adopted by ‘cheaper’ areas Murcia and Cantabria, the place costs have elevated by 17.6 p.c.
They have additionally risen by 17.4 p.c in Valencia, probably the most in style areas for foreigners to purchase properties in Spain.
Prices have reached historic maximums this yr in a complete of 6 areas together with Madrid, the Basque Country, Valencia, the Canaries, the Balearics and Andalusia, which signifies that there are nonetheless 11 areas the place costs have finally fallen previously, although all of them elevated in worth over the past yr.
This means that costs are persevering with to rise into subsequent yr, so ready could possibly be a threat.
“We do not anticipate a bubble, however somewhat a yr of secure progress, with a selected emphasis on the best-connected city areas,” Emiliano Bermúdez, deputy common supervisor of Donpiso advised InfoBae.
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