Housing prices in Spain rise 12.9% in the first quarter

Housing prices rose 12.9% year-on-year in the first quarter of 2026, according to the National Statistics Institute, marking 11 straight years of continuous increases.

The National Statistics Institute published data on Monday showing a 12.9% increase compared to the same period last year. Used housing led the rise with 13.5%, while new housing advanced 9.1%.Home sales fell 2.2% year-on-year in March and 2.6% in the quarter, mainly due to the drop in new housing. All autonomous communities recorded double-digit increases, with Aragon and the Region of Murcia leading at 15.6%.According to Fotocasa Research, improved financing conditions have reactivated part of the demand, although limited supply keeps prices under pressure. 18% of the population is seeking home ownership, above the 12% in 2019.

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Home purchase transactions in Spain fell 11.2% year-on-year to 163,322 in the first quarter of 2026, according to data from the Ministry of Housing and Urban Agenda.

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INE data reveal an average 22.9 percent rise in Spanish rents from 2015 to 2024, with increases above 30 percent in three provincial capitals.

DANE reported annual inflation accelerated to 6.14% in June from 5.84% in May. The monthly variation was 0.39%.

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DANE reported May annual inflation at 5.84 percent, driven by housing and food. The figure marks the highest level since August 2024 and the third straight month of increases.

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