IMIE: Residential Report Q3 2025

Inisghts & Publications

Sep 30, 2025

The Spanish residential market is accelerating its upward cycle. In the third quarter of the year:

  • The average value of a new and existing housing increased by +11,7% year-on-year.
  • The strongest price increases are concentrated in employment hubs and tourist destinations as Madrid and cities in the Mediterranean coast.
  • Residential demand remains at post-bubble maximum levels, with housing transactions up to +19,7%.
  • Construction activity grew by +7,6% year on year, although the activity supplied remains insufficient.
  • The house-purchase effort ratio stands at 35% nationwide and exceeds 40% in provinces such as Madrid, Málaga and Balearic Islands.

Full report here.