IMIE: Residential Report Q4 2025

Inisghts & Publications

Dec 29, 2025

The Spanish residential market maintains a solid tone. In the fourth quarter of 2025:

  • The average price of completed housing (new and previously owned) grew by 13,1% year-on-year.
  • Price increases remain widespread, with intensity in employment hubs and tourist destinations, in this case Madrid, Valencian Community, Cantabria and Balearic Islands.
  • Demand, remaining firm, reflects a slowdown in growth from both resources, purchases and mortgages.
  • Construction activities have grown +6,5% year to year, but remains to be insufficient.
  • National purchase effort ratio stands at 34% and exceeds 50% in main urban and touristic markets.

Full report here.