Rising prices and limited supply: An in-depth look at the residential market in Q2 2025

The average price of new and existing housing in Spain increased by 2.6% quarter-on-quarter and by 9.8% compared to the same period of the previous year, according to data from the IMIE report by TINSA Spain by Accumin and Accumin Intelligence.

Key real estate trends that will shape the second half of the year

• Uneven and polarised growth: While Madrid, the north and the main coastal areas are seeing increases of over 10%, inland provinces such as Zamora and Córdoba are recording slight declines. This territorial dispersion is key to refining investment and diversification strategies.
• Tight supply, upward pressure: The volume of completed homes continues to decline (-7.9%), fuelling a persistent imbalance with demand. Despite the upturn in building permits, actual production is still not keeping pace with the market.
• New areas of revaluation: The area surrounding Madrid – Toledo, Guadalajara, Segovia and Ávila – is consolidating its position as a residential magnet, driving up prices in these provinces. The data confirms a structural shift in value in the metropolitan periphery.
• Accessibility under pressure: The provinces of Málaga, the Balearic Islands and Madrid lead the ranking in terms of theoretical effort, with rates above 40% of household income. This is a clear sign of the impact of rising prices on accessibility in the most dynamic markets.
• Non-capital municipalities gain weight: Towns such as Benidorm, Marbella and Vélez-Málaga show double-digit growth, reflecting the vigour of secondary markets with strong tourist or mixed residential appeal.