House prices in Spain rose 18% year-on-year in October, the highest increase in 2025 and in Fotocasa’s records over the last 20 years. The price per square metre now stands at 2,789 euros.
The director of studies at Fotocasa, María Matos, has warned that the rate of growth in house prices is ‘worrying’, as it is close to a 20% increase in just one year, which is a response to ‘solid and intense demand that quadruples supply’ and maintains strong pressure on prices.
Following the new surge in October, house prices are now just 5.5% below the peak recorded during the 2007 property bubble, placing the Spanish property market in a ‘historic scenario’. ‘It is very possible that in the coming months the national price will also exceed its own record and reach the highest value ever,’ said Matos.
However, according to Fotocasa’s analysis, the market is moving at ‘two speeds’. On the one hand, there are the regions with the highest price pressure (those with a strong population attraction), which are recording unprecedented year-on-year increases, and on the other hand, there are the other regions, where prices are growing more slowly.
After the latest year-on-year increase (18%) in house prices, a standard property of around 80 square metres reached an average value of 223,129 euros in October, while a year ago properties were on offer for 34,067 euros less (189,062 in October 2024). Throughout 2025, house prices have continued to rise, with notable increases in May (14.8%), June (14.9%), July (15.9%), August (17.7%) and now October (18%).
In 2025, five autonomous communities have achieved the highest increases in the price of resale housing: the Basque Country, Andalusia, the Region of Murcia, the Valencian Community and the Balearics. By region, the highest year-on-year increases in October were recorded in the Valencian Community, with a rise of 22.6%, followed by Murcia (21.2%), Asturias (21%), Andalusia (20.2%), Madrid (18.9%), the Canary Islands (18%), Cantabria (16.1%), the Balearics (15.9%), the Basque Country (12.6%), Catalonia (12.5%) and Galicia (11.6%). At the bottom of the table are Castile and León, with an increase of 7.2%; La Rioja (6%), Aragon (4.1%), Castile-La Mancha (3.8%), Extremadura (2.3%) and Navarre (1.9%).