Spanish property prices continue to rise – But growth is slowing!

Property prices in Spain continue to rise, but the pace of growth is beginning to slow. New figures from research institute Tinsa show that prices for both new-build and resale properties increased by 0.9% between September and October 2026. This brings the annual price increase to 13.7%.

Although the latest figures indicate a gradual slowdown, the Spanish property market remains highly active, with price increases significantly exceeding the general rate of inflation.

Property prices continue to rise – But at a slower pace

Price developments vary considerably across Spain's different regions. Prices in provincial capitals and major cities showed renewed strength in October, recording a monthly increase of 1.4%. In other geographical areas, price growth was more moderate.

Annual price increases ranged from 10.3% in smaller municipalities and other towns to 16.7% in metropolitan areas.

According to Tinsa, property prices continue to rise across all the regions analysed, although the pace of growth is gradually losing some momentum.

Significant regional differences across the property market

Tinsa's analysis highlights how property market trends differ considerably across Spain.

Provincial capitals and major cities recorded the strongest monthly price increase in October, at 1.4%. This follows a more moderate development in August and September.

At the same time, a more noticeable slowdown can be seen in the island regions and metropolitan areas when adjusted for inflation.

This underlines the fact that Spain's property market cannot be viewed as one single market. Price developments depend heavily on the individual region, local demand and the supply of available properties.

For prospective buyers, this means that significant differences in property prices and market conditions remain, depending on where in Spain they are looking to buy.

Spanish property prices have surpassed the 2007 peak

One of the most interesting findings in the latest report is the comparison with the historical peak of Spain's property boom in 2007.

In nominal terms, the median property value in Spain is now 3.5% above the level recorded during the 2007 property boom.

However, this does not mean that properties are more expensive than they were back then.

When adjusted for inflation over the almost 20 years that have passed, property prices remain 31.6% below their 2007 peak in real terms.

There are also significant regional differences. Mallorca and the largest cities are among the areas closest to their previous price records, with prices approximately 13% below the 2007 peak in inflation-adjusted terms. In other areas, the gap remains greater than 30%.

What does this mean for property buyers and sellers?

The latest analysis paints a picture of a Spanish property market that remains strong, although price increases are gradually moving towards a more moderate level.

For sellers, it remains positive that property prices are considerably higher than they were a year ago. Particularly attractive properties in desirable locations can still generate significant interest from buyers.

For buyers, it is important to understand the regional differences and carefully assess the local market. Although prices are generally rising, the trend is not the same across all parts of Spain.

Our view at Homes-Abroad.com

The Spanish property market continues to be characterised by strong demand and a limited supply of attractive properties. The gradual slowdown in price growth is therefore not necessarily a sign of a weakening market, but rather an indication that prices are beginning to stabilise following several years of substantial increases.

For both buyers and sellers, understanding the local market and current property values is more important than ever.

At Homes-Abroad.com, we closely monitor developments across the Spanish property market and provide professional advice and guidance to both buyers and sellers in all the major property regions of Spain.

Source: Tinsa by Accumin – Property Price Index, October 2026.