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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