The price of used housing in Spain reached €2,930 per square metre in the third quarter of 2026, an increase of 11.8% compared to a year ago and just three euros below the record set in July, according to Idealista.
The price of used housing in Spain stood at €2,930 per square metre in the third quarter of 2026, which represents an 11.8% year-on-year increase, according to data published by Idealista and collected by labandera.es. This figure is only three euros shy of the historical maximum recorded by the portal in July.
Compared to the previous quarter, the increase was 0.5%, while the monthly rise was 0.2%.
The spokesperson for Idealista attributes the moderation in the pace of increase to the fact that the prices reached have pushed some buyers out of the market, alongside the rising cost of financing. This reduced demand is slowing the decline in available stock and easing price growth in some markets.
"The prices reached for housing have caused some buyers to be excluded from the market"
The same spokesperson points to a possible stabilization in the medium term and even declines in some capitals, although in secondary markets, with more affordable prices, increases continue at double-digit rates.
All capitals analysed recorded increases over the last twelve months. Ciudad Real leads the rise with 21.7%, followed by Teruel (18.9%) and Salamanca and Pontevedra, both at 17.9%. On the opposite side, Madrid rose by 2.4%; San Sebastián, 3.4%; Palma, 3.6%; Melilla, 4%; and Málaga, 4.1%.
Among the major cities, Sevilla records the highest increase at 10.4%, ahead of Bilbao (7.9%), Alicante (6.6%), Barcelona (5.8%) and Valencia (5.1%).
In absolute terms, San Sebastián remains the most expensive capital, at €6,726 per square metre, followed by Madrid (6,458), Palma (5,513), Barcelona (5,462) and Bilbao (4,180). At the opposite end, Jaén maintains the lowest price, at €1,466 per square metre.
In September, 11 of the 52 Spanish capitals analysed marked their highest prices, including Barcelona, Málaga, Alicante and San Sebastián. The used housing market faces the last stretch of 2026 with elevated prices and signs of moderation in areas where costs have reached higher levels.
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