Average price in Spain is now €2,534 p/m²
In Spain, house prices increased 1.8% compared to the previous month, while the year-over-year increase was 11.7%. This brings the average cost to €2,534 p/m² in April, according to data. This year-over-year increase (11.7%) is the highest increase in the last 228 months (19 years).
Spain has gone from a year-over-year increase of 7.4% in April 2024 to 11.7% in the same period in 2025. In the last 12 months, housing prices have increased by 265 euros per square meter, i.e. from €2,269 p/m² in April 2024 to €2,534 p/m² in April 2025.
“The housing market in Spain is undergoing the greatest transformation of the last decade due to the impact of macroeconomic, geopolitical, and legislative changes on its evolution. The structural problem between high demand and scarce supply is increasingly putting significant upward pressure on prices. In fact, although nationally the cost of housing is still 15% away from reaching its highest level, the increase presented marks an all-time high. This indicates that we have never faced such a rapid rate of price increases.” explained María Matos, spokesperson for Fotocasa.
Autonomous Communities
If we look at the prices of Spanish homes for sale compared to a year ago, we see that 16 regions saw year-on-year price increases in April. Increases exceeding 10% affected eight regions: the Valencian Community (24.8%), the Balearic Islands (22.2%), the Region of Murcia (19.1%), Andalusia (15.4%), Madrid (14.3%), the Canary Islands (13.2%), Asturias (12.9%), and Cantabria (10.9%). They are followed by the Basque Country (8.9%), Galicia (8.6%), Catalonia (5.9%), Castile and León (5.1%), La Rioja (2.8%), Navarre (2.0%), Aragon (1.8%), and Extremadura (0.6%). The only region experiencing a year-on-year decrease was Castile-La Mancha (-2.2%).
Regarding the ranking of Autonomous Communities, with the most expensive second-hand housing prices in Spain, the Balearic Islands and Madrid are top, with prices of €4,907 p/m² and €4,624 p/m², respectively. They are followed by the Basque Country (€3,423 p/m²), Catalonia (€2,954 p/m²), the Canary Islands (€2,901 p/m²), Andalusia (€2,413 p/m²), the Valencian Community (€2,290 p/m²), Cantabria (€2,180 p/m²), Navarre (€2,071 p/m²), Galicia (€1,907 p/m²), Asturias (€1,895 p/m²), Aragon (€1,751 p/m²), La Rioja (€1,699 p/m²), the Region of Murcia (€1,598 p/m²), Castile and León (€1,580 p/m²), Extremadura (€1,220 p/m²), and Castile-La Mancha (€1,191 p/m²).
Provinces
In 45 of the 50 provinces (90%), year-on-year housing prices increased in April. In 15 provinces, the increase exceeded 10%, specifically in Alicante (24.1%), the Balearic Islands (22.2%), Murcia (19.1%), Valencia (18.5%), Castellón (17.5%), Málaga (15.9%), Lugo (15.6%), Madrid (14.3%), Las Palmas (13.5%), Pontevedra (13.5%), Granada (12.9%), Asturias (12.9%), Cantabria (10.9%), Palencia (10.6%), and Cádiz (10.2%). The provinces with decreases are Ávila (-5.0%), Soria (-1.7%), Albacete (-1.5%), Córdoba (-1.1%), and Ciudad Real (-0.1%).
Regarding prices, the Balearic Islands, Madrid, and Malaga have all exceeded €4,000 per square meter. The three provinces with the highest prices are: the Balearic Islands is the most expensive province at €4,907 p/m², followed by Madrid at €4,624 p/m² and Malaga at €4,101 p/m². The only province with the price per square meter below €1,000 is Ciudad Real at €968 p/m².
