In 2025, the cost of housing increased by 12.7%, marking the highest figure since 2007, according to information released by the National Institute of Statistics. The cost of housing in 2025 intensified the growth that had been experienced in 2024, which was 8.4%, and marked 12 consecutive years of increases. The price of second-hand properties rose by an average of 12.9% annually in 2025, while new homes increased by 11.3%. Throughout 2025, the cost of housing experienced increases as the year progressed, although the index has begun to stabilise with an approximate increase of 12%. In the first quarter of 2025, the cost of housing rose by 12.2% compared to the previous year; in the second quarter, the increase was 12.7%; in the third, it was 12.8%; and in the fourth, it was 12.9%. All of this occurs in an environment characterised by a shortage of available housing in Spain to meet rising demand, which continues to drive prices up and complicates access, especially for young people and those with fewer resources. Information from the Ministry of Housing and Urban Agenda indicates that the price of housing ended 2025 with a year-on-year growth of 13.1%, reaching €2,230 per square metre, the highest figure recorded since 1995. According to the information provided by the Ministry, prices have surpassed those reached during the real estate boom, highlighting that homes free of up to five years of age are the most expensive, with a value exceeding €2,600 per square metre.
The price of housing in Spain rose by an average of 12.7% in 2025, its biggest increase since 2007.
