Spaniards are experiencing 'property fever,' with a significant increase in home purchases, particularly in May 2025, which saw a 40 percent rise compared to the previous year. Analysts recommend buying homes sooner rather than later due to favorable mortgage conditions and predictions of ongoing price and rent increases until at least 2025. The average cost of property has risen significantly, reinforcing the urgency to purchase before further price increases occur. Spain also saw notable housing price growth, ranking third in the Eurozone with a 12.3 percent rise in early 2025.
The number of people buying homes in Spain currently is skyrocketing, with 40 percent more homes sold this May than the same month last year.
Banks' mortgage conditions are currently good, and market analysts advise buying sooner rather than later due to expected continuous price and rent increases.
The average price per square metre in Spain was 2,438 in June 2025, making a 100sqm flat cost approximately 243,000, reflecting recent rapid price increases.
Spain recorded the third-highest rise in housing prices in the Eurozone in early 2025, with a 12.3 percent increase.
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