Spanish Home Prices Up 37% Since 2018, Notaries Data Shows
Average Spanish home prices rose 37% from June 2018 to August, reaching €1,959/m², according to notaries ahead of the Nov. 29 election.
The average price per square meter of homes sold in Spain rose 37% between June 2018 and August, according to the Notarial Statistical Portal (Portal Estadístico del Notariado), as reported by idealista/news. The figure climbed from €1,426/m² to €1,959/m², a gain of €533/m².
The numbers arrive as housing dominates the campaign for the general election, which has been brought forward to Nov. 29. idealista/news says housing was a factor in that decision. The comparison starts in June 2018, after the successful motion of no confidence against then Prime Minister Mariano Rajoy, and covers the period since Pedro Sánchez took office.
What a typical sale costs
In Spain, property sales are completed before a notary, and notaries also report the average floor area of the homes sold. That allows the average value of a transaction to be calculated. In August it was €215,596, compared with €158,534 in mid-2018. The difference is €57,062, or 36% in relative terms, according to figures from the General Council of Notaries (Consejo General del Notariado).
Price growth has sped up
Annual price growth was 2.4% in 2018 and reached 7.55% in 2025, a difference of 5.12 percentage points. Since April this year the annual rate has been in double digits, hitting 12.8% in August. That is the largest year-on-year increase since October 2021, when prices rose by 14.3%.
Sales have held up, but monthly totals are falling
Higher prices did not stop people from buying over the longer period. Notaries recorded 586,397 sales in 2018 and 755,969 in 2025, the highest level since the property boom. By August this year, 440,912 transactions had been recorded.
idealista/news noted that 2026 could end with around 661,000 sales if the current trend continues. Within this year, though, transactions have fallen year on year in every month so far, and August was the lowest monthly figure in the past six years.
Buyers are slightly older
The median age of buyers rose from 44 in 2018 to 46 in 2025, an increase of 4.5%. The number of years of income needed to buy a home barely changed: it was 5.02 years in 2018 and is 5.03 years now, a rise of 0.18%.
What this means for residents
Housing remains the main concern among citizens, according to idealista/news. For people renting or hoping to buy in Spain, the notaries’ data show higher sale prices per square meter, annual growth in double digits and fewer sales each month than a year earlier. The typical purchase in August cost €215,596, against €158,534 in mid-2018.
The figures cover homes sold before a notary across Spain and are national averages. The latest official figure published by the General Council of Notaries is for August.
Source: idealista/news
