If you’re thinking of buying a property in Spain this year, you’ll want to know what the projections are for the state of the market in 2026.
Property prices in Spain have increased dramatically in the past few years, leading to a severe housing crisis.
This has been fuelled further by a housing deficit, an increase in the number of foreign buyers, and changes in the types of properties people are looking for.
This, combined with a high demand and lack of supply, has meant that prices have kept on rising.
Despite the dire situation, real estate activity has been intense throughout 2025, driven by low interest rates and buyer confidence in the real estate market as a good place for investment.
In their new report “The Real Estate Pulse Meter”, the Real Estate Business School together with the University of Málaga forecast that home sales, prices and mortgage signings will continue to grow strongly next year.
The study’s forecasts a 7.6% increase in transactions of newly built properties in Spain in 2026 and an 8.7% increase in transactions of existing homes, although the signing of new mortgage contracts will stabilise to +0.4% compared to 2025.
According to Spain’s National Statistics Institute, property prices in 2025 have risen 12.8% compared to last year, marking 42 consecutive quarterly increases.
Property in Spain is now 83% more expensive than in 2015 and 21% more expensive than at the height of the housing bubble (2007-2008).
Idealista property website lists the average price as of November 2025 as €2,605 /m2. This has already grown since October by 2%
According to property website Fotocasa, the consensus among experts is that purchase prices will continue to rise in 2026, although less sharply than seen previously.
The BBVA Research Real Estate Observatory also agrees, saying that the lack of new housing construction will cause property prices to continue to rise in 2026 by around 7%.
Some experts believe that the rise will be much higher than this, however. Ricardo Martí-Fluxá, business and corporate development director of Gesvalt, predicts a year-on-year variation of around 9% to 10% compared to 2025.
If you are looking to buy a property in Spain, Portugal or Greece and need a mortgage, email mark@vci-network.com for the latest criteria