Housing Price Trends in Spain Q2 2026

In Q2 2026, the average value of completed properties (new and resale) in Spain rose by 15.2% year-on-year and by 3.7% quarteron-quarter in nominal terms. Excluding inflation, these figures show real annual growth of 11.8% (compared to 11.5% in Q1 2026), placing prices at 33% below the highest reached in the 2007 bubble and at 35% higher than their lowest ever during the economic crisis, , according to data from the IMIE report by TINSA Spain by Accumin and Accumin Intelligence.

Key insights:

• The highest increases took place in the Comunidad Valenciana (+20.7%), Castilla-La Mancha, the Canary Islands, Cantabria and Murcia (+18.1%).
• As regards employment hotspots, price rises in Madrid slowed down, reaching 15.5% in annual terms, compared to 18.1% in Q1 and increases in Barcelona also decelerated to 8.9% year-on-year, compared to 12% previously.
• Households would have to spend an average of 35.7 % of their available income for the first payment of their morgage, compared to 33.8 % in the previous quarter. 19 cities, compared to 15 in Q1, had a rate higher than the 35% considered reasonable.