Real Estate Market
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Nearly 100 building permits approved in Santiago Centro, but over half yet to start works
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Santiago Centro has 99 building permits for 20,449 homes, yet 10,900 units across 56 projects have not begun construction.
Spain's housing market saw a sharp surge in 2025, with a 13.1% year-on-year price increase in the fourth quarter, per Tinsa data. This growth, the highest in nearly two decades, pushes the average price per square meter to 2,091 euros, approaching 2007 peak levels. Strong labor markets and stabilizing mortgage costs drive the trend amid insufficient supply.