The Price of Second-Hand Housing in Spain Rises by 9.2%

The average price of second-hand housing in Spain has increased by 9.2% over the past year, reaching €2,237/m² in January, according to Idealista. Over the last three months, prices have risen by 1.3%.

Madrid, Canary Islands, and Valencia Lead the Increases

Prices have increased in 15 autonomous communities, with the largest rises recorded in:

• Madrid (+18.6%)
• Canary Islands (+16.3%)
• Valencian Community (+14.6%)

Other significant increases include:

• Balearic Islands (+14%)
• Murcia (+13.1%)
• Andalusia (+10.2%)

In contrast, prices have declined in:

• Extremadura (-0.8%)
• Aragón (-0.3%)

Where Is Buying the Most Expensive?

The most expensive autonomous communities are:

• Balearic Islands: €4,729/m²
• Madrid: €3,851/m²
• Basque Country: €3,063/m²
• Canary Islands: €2,865/m²
• Catalonia: €2,430/m²

The most affordable regions are:

• Castilla-La Mancha: €933/m²
• Extremadura: €960/m²
• Castilla y León: €1,187/m²

Prices Increase in 40 Provinces

Housing prices have increased in 40 provinces over the past year. The highest rises occurred in:

• Madrid (+18.6%)
• Santa Cruz de Tenerife (+17.8%)
• Balearic Islands (+14%)
• Alicante (+13.8%)

However, prices declined in:

• Ourense (-5.2%)
• Badajoz (-4.7%)
• Córdoba (-4.6%)

Valencia Sees the Largest Increase Among Capitals

Housing prices rose in 50 capital cities, with the biggest increases in:

• Valencia (+23%)
• Madrid (+21.8%)
• Málaga (+20.5%)

Only Huesca (-5.5%) and Girona (-0.8%) saw price declines.

The most expensive cities are:

• San Sebastián: €5,846/m²
• Madrid: €5,104/m²
• Barcelona: €4,707/m²

The most affordable capitals are:

• Zamora: €1,174/m²
• Jaén: €1,217/m²
• Murcia: €1,285/m²