Spain Property Market Update: Prices Continue to Rise as the Market Becomes More Balanced

Q2 2026 housing figures show continued price growth and a strong market for sellers

The latest figures from the Spanish Notaries provide an encouraging snapshot of the property market in the first half of 2026. While sales volumes have moderated compared with the exceptionally strong levels recorded last year, property prices continue to rise strongly, highlighting the underlying strength of the Spanish housing market.

The figures suggest the market is becoming more balanced, with buyers taking a little longer to make decisions while demand remains strong and the shortage of available homes continues to support prices.

Sales Moderate After an Exceptional 2025

The Spanish Notaries recorded 181,206 property sales in Q2 2026, around 9% below the same quarter last year. This follows a 7% reduction in Q1, bringing total sales for the first half of 2026 to 353,237 transactions.

Although this represents a moderation compared with the exceptionally strong first half of 2025, it is important to remember just how active the market was last year.

Looking at the rolling four-quarter figure, which provides a more balanced picture by smoothing out seasonal variations, there were 726,349 transactions, just 2% below the previous year.

This demonstrates that Spain continues to have a very active property market by historical standards, even as buyers become more considered in their purchasing decisions.

Property Prices Continue to Climb

Perhaps the most significant headline from the latest figures is the continued strength of property prices.

The average Spanish property price reached €2,094 per square metre in Q2 2026, representing an impressive 10% increase year-on-year and the strongest annual rate of price growth since 2022.

Over the past five years, the average Spanish property price has increased by approximately 44%.

The combination of strong demand and limited housing supply continues to provide substantial support for property values across Spain.

What Does This Mean for Sellers?

For homeowners considering selling, the current market continues to present an excellent opportunity.

While buyers are becoming more selective and may take a little longer to commit, prices remain on an upward trajectory and demand for quality properties remains strong.

The key is realistic pricing and effective marketing. Well-presented properties in desirable locations, particularly those offering good value, modern facilities and attractive lifestyles, continue to attract buyers.

For sellers, this means there is still an excellent opportunity to take advantage of the strong prices being achieved across the Spanish property market.

A More Balanced Market

The latest figures point towards a market that is becoming more measured rather than less attractive. After several years of strong growth, a little more time for buyers to consider their options is a natural development.

With prices continuing to rise, supply remaining relatively constrained and Spain maintaining its appeal to both domestic and international buyers, the outlook for the Spanish property market remains positive.

For anyone considering selling in 2026, the current combination of strong property values and continued buyer demand makes this a market worth taking advantage of.