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Spain - House Prices

Spain's house prices hit an all-time high of €2,094 per square meter in Q2 2025. This represents a 3% increase from €2,033 per square meter in Q1 2025. Moderate interest rates and better financing conditions are driving demand. A strong labor market and constrained new housing supply also support price growth. International buyers are increasingly active in Spain, contributing to market dynamics. Spain's record low house prices were €1,476 per square meter in Q3 2015 and record high was €2,094 per square meter in Q2 2025.

Quarterly Historical Data (2015-2025)

(in EUR/sqm)
Quarter House Prices (EUR/sqm)
Q2 2025 2,094
Q1 2025 2,033
Q4 2024 1,972.1
Q3 2024 1,921
Q2 2024 1,895.6
Q1 2024 1,865.8
Q4 2023 1,842.3
Q3 2023 1,812.4
Q2 2023 1,793.2
Q1 2023 1,788.4
Q4 2022 1,749.2
Q3 2022 1,740
Q2 2022 1,740.7
Q1 2022 1,734
Q4 2021 1,694.1
Q3 2021 1,661.6
Q2 2021 1,649.2
Q1 2021 1,625.4
Q4 2020 1,622.3
Q3 2020 1,619.6
Q2 2020 1,610.1
Q1 2020 1,640.4
Q4 2019 1,652.8
Q3 2019 1,638.3
Q2 2019 1,637.4
Q1 2019 1,636.3
Q4 2018 1,618.8
Q3 2018 1,589.5
Q2 2018 1,587.9
Q1 2018 1,566.6
Q4 2017 1,558.7
Q3 2017 1,540
Q2 2017 1,530
Q1 2017 1,525.8
Q4 2016 1,512
Q3 2016 1,499.7
Q2 2016 1,506.4
Q1 2016 1,492.4
Q4 2015 1,490.1
Q3 2015 1,476
Q2 2015 1,476.8
Spain - House Prices : Definition
Spain house prices represent the average value of residential real estate in Spain. The metric is calculated by dividing the total transaction value of homes sold by their total built area, showing the average price in Euros per square meter.
Indicator Last Value Prior Value Period
Existing Home Sales 51.1K 46.5K Jul'25
Housing Starts 34.4K units 39.7K units Mar'25
New Home Sales 10.1K units 13.6K units Aug'25