The price of housing in Spain has increased by more than 40% in the last decade, exceeding 2,093 euros per square meter in the second quarter of 2025, according to data from the Ministry of Housing and Urban Agenda.
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In 2015, the average value hovered around €1,476/m², a difference of €616 per square meter in just ten years.
During this period, prices have followed a steady upward trend. Between 2016 and 2018 they exceeded €1,500/sqm, while between 2019 and 2021 the average was already above €1,600/sqm.
Since 2022, the square meter has exceeded 1,700 euros, and in 2024 it was close to 1,900 euros. This year, for the first time since the 2008 real estate bubble, the €2,000/sqm barrier has been broken again, approaching the all-time high of €2,101/sqm recorded at that time.
The lack of supply in the face of growing demand, especially in certain areas, continues to put upward pressure on prices and complicate access to housing, especially for young people, who continue to have one of the latest ages of emancipation in Europe.
In the second quarter of 2025 alone, the average price was 10.4% higher than in the same period of the previous year and 41.7% higher than in 2015. So far this year, the cumulative increase reaches 9.7%, despite a certain moderation in the rate of growth.
Balearic Islands, the most expensive region after Madrid
By autonomous community, the Balearic Islands leads the increase in prices, with a rise of 82.4% over the last decade.
In 2015, the average price in the archipelago was €1,927/m², and in 2025 it has reached €3,518/m², which represents almost €1,600 more.
Together with Madrid, it is the only community where the average price exceeds 3,000 euros/m².
In the Community of Madrid, values stand at €3,631/m², 75% higher than in 2015, when they stood at €2,078/m².
Other regions with notable increases over the last ten years also stand out:
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Canary Islands: +52 % (from 1,318 to 1,996 euros/sq.m.)
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Catalonia: +49 % (from 1,680 to 2,499 euros/sq.m.)
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Valencian Community: +46 % (from 1,140 to 1,672 euros/sq.m.)
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Andalusia: +43.5 % (from 1,213 to 1,741 euros/m²)
The ministerial report shows that, despite housing policy efforts, the real estate market remains under stress, and access to decent housing continues to be one of the country’s greatest challenges.
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