In Spain for 2026, you can expect continued price increases primarily in housing (both sales and rentals), driven by limited supply, demand, and construction costs, with experts forecasting 5-9% rises. Food, energy, and daily household costs are also expected to climb, putting pressure on Spanish households, alongside potential increases in the minimum wage, though its impact is debated.
Key Areas Increasing in Price:
Housing Market:
Sales Prices: Analysts predict ongoing growth, with estimates ranging from 5.7% to 9% for 2026, especially in high-demand areas like the coasts and major cities (Madrid, Barcelona).
Rentals: Urban areas will see rents rise, with estimates of 3-5% increases, pushing more people to buy.
New Builds: Increased costs for materials (cement, steel) and labor make construction more expensive, contributing to higher prices for new homes.
Everyday Expenses:
Food & Energy: Spanish households are already facing higher costs for these essentials, a trend expected to continue into 2026.
Minimum Wage: An increase is likely by early 2026, but this doesn't guarantee improved spending power due to rising living costs.
Why Prices Are Rising:
Supply Shortage: Insufficient new housing construction to meet demand remains a major factor.
Strong Demand: Continued interest from domestic and international buyers keeps the market buoyant.
Economic Factors: Improved purchasing power and favorable credit conditions support price growth, while rising construction expenses add to costs.