VANTYS GROUP

FEWER TRANSACTIONS, RISING PRICES

The Spanish real estate market faces 2026 with an increasingly clear trend: less available supply and prices that continue to rise, especially in high-demand areas.

After an exceptional 2025—with more than 750,000 sales, the highest volume since 2007—the latest data shows a moderation in the number of transactions.

This slowdown is not a response to a lack of interest from buyers, but rather to a structural problem of housing scarcity, affecting both new builds and resale properties.

PRICE ANALYSIS

The lack of inventory is one of the market’s primary challenges today. ⁸The construction of new homes remains well below the creation of new households, and part of the stock coming from the rental market has already been depleted.

This situation is having a direct effect on prices, which continue to hit all-time highs.

In 2025, the average housing price in Spain grew by nearly 7%, with particularly intense increases in new builds and major markets such as Madrid, the Valencian Community, the Basque Country, Catalonia, and Andalusia.

Forecasts suggest that prices will continue to rise in 2026 and 2027, with special pressure on high-demand, “stressed” areas.

For those considering a purchase, the context continues to offer favorable elements:

• Mortgage rates remain competitive for both residents and non-residents, although the interest rate landscape could shift starting in 2026. A market where acting ahead of time is key, as the shortage of supply limits future opportunities.
• Greater negotiation margin during certain periods of the year, especially in months with lower activity.

Access to housing is becoming increasingly demanding, especially for young buyers.

With high rents, buying is in many cases more profitable than renting, but the lack of prior savings makes family support more and more common.

In this context, it is fundamental to correctly plan transactions from a legal and tax perspective, given the increased oversight by the Tax Agency.

At the same time, regulatory changes in the rental market—especially in regions like Catalonia—are causing some properties previously intended for lease to move into the sales market, strengthening specific opportunities for buyers and investors.

BUYER: INVESTOR

From an investment perspective, Spain maintains a high level of international appeal.

In 2025, real estate investment exceeded €17 billion, with strong interest in the residential sector and alternative assets such as student housing or self-storage.

Madrid and Barcelona continue to rank among the most attractive cities in the world for both living and investing.

OUR RECOMMENDATION

Our recommendation: In a market with limited supply and rising prices, having up-to-date information and professional advice makes all the difference.

Carefully analyzing the timing, financing, and strategy allows for safer and more profitable decision-making.