The price of second-hand housing closes 2025 with an increase of 3.5%
He average price of second-hand housing in Spain it stood in December 2025 at 2,427 euros per square meter, which is 0.2% more than in November and 3.5% more in year-on-year terms, according to data from apartments.com published this Thursday.
The portal has indicated that prices are following a sustained upward trajectory. For Ferran Fontdirector of Estudios depósitos.com, the increase is not uniform, but it responds to a confluence of factors that go beyond the simple law of supply and demand.
In this sense, he has pointed out that there is a structural shortage of supply in in-demand locations. “The affordable product disappears quickly and the remaining supply tends to concentrate in higher price segments or in properties with less attractive characteristics, which raises average prices,” he explained.
In addition, Font points out that many buyers have entered the market with expectations of revaluation, especially in well-connected locations or with tourism or investment potential. “This creates a psychological effect that fuels demand, even as macroeconomic fundamentals cool,” he added.
Looking to 2026, Font believes that the dynamics will continue to favor buyers with solvency and flexible profiles, but the barriers will continue to grow for those who aspire to access property for the first time or with more restricted resources. “extending their tenant status or moving their area of interest further away”.
Madrid and Navarra, the regions where prices rise the most
According to data from apartments.com, the largest year-on-year increases in the price of used housing at the end of the year were led by Madrid (+6.68%), Navarra (+4.13%) and the Balearic Islands (+3.93%).
At the opposite extreme, the regions that reduced their prices the most in the last year were Extremadura (-11.72%), Castilla y León (-9%) and Aragón (-5.15%).
The most expensive autonomous community in December 2025 was the Balearic Islands (5,125 euros per square meter) and the cheapest, Extremadura (842 euros per square meter).
