The real estate market in Spain is expected to experience solid growth of 15% in investment by 2025, surpassing €16 billion. This boost is due to a combination of factors, including the recovery of tourism, stabilization of interest rates, and high demand—phenomena particularly evident in the northern region of the country. In this context, Cantabria has begun to emerge as a strategic location for new construction, thanks to its natural appeal and growing investment potential.
The region, known for its unique charm, is becoming a key destination for both investment and the purchase of second homes. During the first quarter of 2025, residential sales in Cantabria rose by 13.7%, even exceeding the peaks recorded after the pandemic. Projections for the rest of the year indicate a 9.9% growth in transaction volumes, according to data from CaixaBank Research and Idealista.
The average price of housing in Cantabria has seen a significant appreciation, increasing by 14.6% in the first quarter of 2025 to reach €1,878 per square meter. Although this value is still below the national average of €1,963 per square meter, it has risen by 25.1% for houses and 39.7% for apartments over the past four years, translating to an average increase of €37,600 in housing costs compared to five years ago.
One of the key factors behind this boom in Cantabria’s real estate market is the increasing scarcity of new housing supply. The number of homes available for sale decreased by 26% in the second quarter of 2025, leading to a heightened need for new construction. At the national level, permits for new housing increased by 19.4% during the same period. However, it is estimated that Spain faces a deficit of 500,000 homes since 2021, highlighting the strong demand in areas like Suances and Somo.
Tourism is also influencing this market. The number of tourist-use homes has nearly doubled, reaching 9,000, which has put pressure on the residential market. In June 2025, rental prices hovered around €13.97 per square meter per month, an 11.49% increase from the previous year. Additionally, the drop in interest rates has facilitated mortgage financing, which grew by 35.4% in the first quarter of 2025, improving buyers’ purchasing power.
Beyond the numbers, the appeal of living in Cantabria lies in its quality of life. The region offers stunning landscapes, from the Picos de Europa to its splendid beaches and cliffs, promoting a more relaxed and healthy lifestyle. Its capital, Santander, blends urban life with nature, contributing to the well-being of its residents. The rich local cuisine and vibrant cultural life further enhance daily living, along with comprehensive services and a robust healthcare system.
In this dynamic context, Milton Homes has emerged as a leader in Cantabria’s real estate market. The company, known for its commitment to transparency and quality, has completed and handed over several developments, including Viveda Living, and is currently in the process of constructing Suances Living 1. Moreover, they are finalizing the marketing of their third and fourth projects: Suances Living 2 and Residencial Playa Somo.
Milton Homes is not only dedicated to building homes but also seeks to establish lasting relationships and contribute to the sustainable development of the region. The company carefully selects plots to ensure optimal locations and protect the environment, combining exceptional craftsmanship with designs that enhance the living experience. Thus, it offers unique properties at accessible prices in an expanding market, becoming a trusted partner for those looking to invest or settle in Cantabria.
via: MiMub in Spanish
