IMIE: Residential Report Q1 2026

Inisghts & Publications

Mar 31, 2026

The Spanish housing market continues to face strong upward pressure on prices. In the first quarter of the year:

  • The average price of completed housing (new and previous owned) recorded year-on-year growth of +14,3%.
  • The current price level remains 34% below the 2007 peak and 32% above the 2008 downfall, consolidating the expansionary phase.
  • Price increases remain widespread, with greater quarterly increase in Madrid, Valencia, Castilla La Mancha, Canarias and Cantabria.
  • Supply remains insufficient, despite a +19,6% increase in projects for new construction.
  • Pressure on the purchase effort ratio, which reaches 34% nationally and exceeds +50% in key metropolitan areas.

Full report here.