{"id":3944,"date":"2025-06-09T13:38:02","date_gmt":"2025-06-09T11:38:02","guid":{"rendered":"https:\/\/www.marbellaforsale.com\/blog\/?p=3944"},"modified":"2025-06-09T13:38:02","modified_gmt":"2025-06-09T11:38:02","slug":"spanish-property-prices-surge-in-may","status":"publish","type":"post","link":"https:\/\/www.marbellaforsale.com\/blog\/spanish-property-prices-surge-in-may\/","title":{"rendered":"Spanish Property Prices Surge in May"},"content":{"rendered":"
\"The

The Balearic Islands have surpassed \u20ac5,000\/m\u00b2<\/p><\/div>\n

The price of resale homes in Spain has seen a remarkable increase of 4% month-on-month<\/strong> and a staggering 14.8% year-on-year<\/strong>, reaching an average asking price of \u20ac2,635 per square metre<\/strong> this May, according to the latest Fotocasa Real Estate Index<\/em>.<\/p>\n

In the 20 years of analysis, May 2025 marks the first time that both monthly (4%<\/strong>) and annual (14.8%<\/strong>) price increases have reached such high levels simultaneously.<\/p>\n

To put this into perspective: the 14.8% year-on-year rise equates to an increase of \u20ac341 per square metre<\/strong>. For a typical 80 m\u00b2 apartment<\/strong>, this means buyers are now paying approximately \u20ac27,246 more<\/strong> than they would have one year ago.<\/p>\n

\u201cWe are witnessing a historic moment in the Spanish property market. This is the sharpest increase we\u2019ve recorded since the data series began, driven by unprecedented demand, more favourable mortgage conditions, and a significant rise in migration. At the same time, a structural lack of supply \u2014 hampered by challenges in the construction sector \u2014 is pushing prices higher. Over the past year, the average price per square metre has increased by \u20ac341, meaning that a standard 80 m\u00b2 property now costs over \u20ac27,000 more than it did in 2024. This is an extraordinary jump in a very short period of time. Importantly, this is neither a temporary nor a localised trend \u2014 it is affecting 94% of provinces<\/strong> and 86% of municipalities<\/strong>, with eight regions<\/strong> recording double-digit growth,\u201d<\/em> said Mar\u00eda Matos<\/strong>, Director of Research and Spokesperson at Fotocasa<\/a>.<\/p>\n

Year-on-Year Growth Doubles in 12 Months<\/h3>\n

Spain\u2019s annual property price growth has nearly doubled, rising from 7.7% in May 2024<\/strong> to 14.8% in May 2025<\/strong>. Over the past year, the average price per square metre has risen by \u20ac341<\/strong> \u2014 from \u20ac2,294\/m\u00b2<\/strong> in May 2024 to \u20ac2,635\/m\u00b2<\/strong> today.<\/p>\n

Regional Trends: Significant Growth Across Most of Spain<\/h3>\n

Looking at year-on-year changes by region, 16 out of 17 Spanish regions<\/strong> saw property prices increase in May 2025. Notably, eight regions<\/strong> recorded double-digit growth:<\/p>\n