The property market in Cantabria continues its upward trajectory, as the region sees a notable jump in second-hand housing prices. According to data from the Fotocasa Real Estate Index, the average price for second-hand homes in Cantabria reached €2,421 per square metre in October—an impressive 16.1% rise compared to the same month in 2024.
Above National Trends, But Still Below National Average
While this year-on-year surge is slightly below Spain’s national average increase (+18%), it makes Cantabria the seventh fastest-growing region among autonomous communities. On a month-to-month basis, Cantabria’s price jump of 1.84% also stands out, ranking as the fourth highest in the country—only outpaced by Galicia (+2.4%), Madrid (+2.3%), and Aragon (+2.1%). Despite these gains, Cantabria’s average price per square metre remains below the national figure of €2,789.
Municipalities: Where Are Prices Rising the Most?
Most Cantabrian municipalities tracked by Fotocasa show rising prices. Noja led the pack with a staggering year-on-year increase of 28.2%, followed by Santoña (+16.8%) and Reinosa (+15.2%). Other hotspots include Torrelavega (+13.4%), Castro-Urdiales (+12.7%), Laredo (+9.7%), and Santander (+1%).
Astillero was the only municipality in the report to experience a price decline year-on-year (-5.5%).
Monthly data shows particularly sharp growth in Reinosa (+11.7%), Torrelavega (+4.8%), and Laredo (+3.1%). Meanwhile, only Santander recorded a slight dip month-on-month (-0.5%).
The Most Expensive Places to Buy Second-Hand Homes in Cantabria
Three municipalities in Cantabria now sit above the €3,000/m² mark:
- Suances: €4,422/m²
- Noja: €3,301/m²
- Castro-Urdiales: €3,115/m²
Other notable localities include Santander (€2,879/m²), Laredo (€2,740/m²), and Santa Cruz de Bezana (€2,480/m²). More affordable options appear in Santoña (€1,926/m²), Astillero (€1,698/m²), Torrelavega (€1,680/m²), and Reinosa (€1,087/m²).
What’s Next for Cantabria’s Housing Market?
The robust growth in Cantabria’s housing prices reflects high demand and limited supply, following both local buyer interest and the ongoing allure of northern Spain for second-home seekers. With some municipalities experiencing particularly steep climbs, prospective buyers may need to act quickly or look to lesser-known areas for better deals.
Keep following for more updates on Spain’s dynamic real estate market!
