Explore the surge in Spain’s old real estate market, with second-hand housing prices climbing 15% in January, as reported by pisos.com.
In January 2025, the Spanish real estate market exhibited a notable surge in the pricing of second-hand housing, with an average increase of 15.77%, as reported by the esteemed real estate portal, pisos.com. The average price per square meter for these properties reached an impressive 2,525 euros, a significant leap from the previous year’s figure of 2,181 euros.
The Balearic Islands have once again asserted their dominance in the real estate hierarchy, boasting the highest average price at a staggering 5,025 euros per square meter for second-hand homes. This figure eclipses the national average by approximately 1,500 euros, positioning the Balearic Islands as the most expensive autonomous community in Spain. Following closely is the Community of Madrid, where the average price stands at 4,668 euros per square meter.
Conversely, the more economically accessible regions include Extremadura, with a modest average of 960 euros per square meter, followed by Castilla-La Mancha at 1,008 euros and Castilla y León at 1,380 euros. These areas represent the lower end of the pricing spectrum, offering a stark contrast to the soaring costs in the Balearic Islands and Madrid.
When examining provincial data, the Balearic Islands maintain their status as the most expensive province, with Madrid trailing behind. In stark contrast, Jaén and Cuenca emerge as the provinces with the lowest average prices, recorded at 829 euros and 867 euros per square meter, respectively. Interestingly, Jaén is the only provincial capital to witness a decline in prices, with a decrease of nearly 3%. Meanwhile, other capitals experienced significant price hikes, with Valencia leading the charge at an astonishing 25.07%, followed by Soria at 24.53% and Palma at 24.17%.
This dynamic landscape of the Spanish real estate market underscores the complexities and disparities that characterize the sector, revealing both opportunities and challenges for prospective buyers and investors alike.
