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In a recent analysis, the real estate network donpiso has established projections indicating that the average housing price in Spain could experience an increase of 8% during the year 2025, reaching nearly 2,000 euros per square meter. This growth is attributed to various factors, including the stabilization of interest rates, a demand that has been restrained in recent years, and a limited supply of new construction. In major cities like Madrid and Barcelona, prices could surpass 4,000 euros per square meter.
The forecast also suggests that residential transactions could amount to around 800,000, representing an increase of nearly 25% compared to the 641,919 transactions recorded in 2024. The autonomous communities leading this demand will be Madrid, Catalonia, the Valencia Community, and Andalusia, which will account for more than 50% of the transactions. Additionally, regions in northern Spain are expected to begin noticing growth, driven by residential tourism and investment attraction.
Emiliano Bermúdez, the deputy general director of donpiso, has highlighted that job consolidation, low housing supply, and increased demand will be key factors driving both prices and transaction volumes. While a “boom” in the market is not anticipated, a year of notable growth is expected, particularly in metropolitan areas and medium-sized cities.
Regarding the buyer profile, there is a prevailing trend towards upgrading the primary residence, especially among families and young people with access to financing. Moreover, a revival in housing investment is emerging, viewed as a refuge against inflation. The mortgage market appears to be favorable, with attractive loan conditions and a Euribor around 2.2% in October.
However, despite these optimistic prospects, donpiso warns about the challenges facing the sector. The scarcity of affordable housing and the lack of effective policies regarding land use, urban planning, and construction represent barriers to access to housing. Bermúdez emphasized that “demand exists. The challenge is to meet it with viable supply, affordable prices, and legal security for homeowners,” warning that if these issues are not resolved, the housing crisis in Spain could become a persistent problem.
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Referrer: MiMub in Spanish
