According to data from the Fotocasa portal, resale housing prices in Spain recorded a 70th consecutive month of annual price growth in August 2026. Compared with the same period last year, prices rose by 15.6%, while on a monthly basis they increased by 0.4%, reaching an average of €3,166 per square metre, or €253,270 for an 80 m² home.
Even so, Fotocasa notes that August saw the most moderate annual growth of the current year, after increases had exceeded 20% in previous months. This suggests a slight slowdown in the pace of price growth. The market nevertheless remains under considerable pressure due to a significant imbalance between very active demand and insufficient housing supply, so it is still too early to speak of a normalization of the situation.
Resale Housing Prices by Spanish Autonomous Community
Compared with August 2025, resale housing prices increased in all 17 autonomous communities, with growth exceeding 10% in 13 of them. The largest year-on-year increases were recorded in Murcia (28.8%), Cantabria (18.5%), the Valencian Community (17.1%), Navarre (17%) and La Rioja (15.9%). At the opposite end of the spectrum were the Balearic and Canary Islands (5.3% and 7.5%, respectively), Extremadura (8.8%) and the Community of Madrid (9.9%).
As for the ranking of the highest prices per square metre, the Balearic Islands and Madrid remain the most expensive regions in the country at €5,443 and €5,431 per square metre, respectively. They are followed by the Basque Country (€4,045/m²), Catalonia (€3,485/m²), the Canary Islands (€3,375/m²), Andalusia (€2,958/m²) and the Valencian Community (€2,866/m²), while the autonomous communities with the most affordable housing are Extremadura (€1,380/m²) and Castilla-La Mancha (€1,436/m²).
Price Trends in Provinces and Provincial Capitals
At provincial level, resale housing prices increased compared with last year in 48 of the 50 provinces analysed. Murcia (28.8%), León (25.7%), Ávila (23.9%) and Ciudad Real (19.4%) led the increases, while only Soria (-0.1%) and Teruel (-0.3%) recorded declines.
Among provincial capitals, San Sebastián leads with €7,141/m², ahead of Madrid (€6,624/m²) and Barcelona (€5,375/m²). Zamora remains the provincial capital with the most affordable housing at €1,681/m².
Housing Prices in Madrid and Barcelona
In the Spanish capital, the average price increased in every district. Particularly noteworthy are the annual growth rates in Villaverde (32.8%), Barajas (25.7%) and Usera (22.8%). Salamanca is the most expensive district (€10,721/m²), while Villaverde is the most affordable (€3,107/m²).
Meanwhile, resale housing prices in Barcelona increased in eight of the city’s ten districts, led by Sarrià-Sant Gervasi (8.1%), Gràcia (7.7%) and Nou Barris (7.1%). The most expensive property is sold in Sarrià-Sant Gervasi (€7,657/m²), while the cheapest is in Nou Barris (€3,381/m²).
Housing Prices in Spanish Municipalities
In addition, the average price per square metre increased in 93% of the 591 municipalities analysed, with growth exceeding 40% in 12 of them. Bigastro (85.3%), Narón (67.7%) and Santa Fe (59.4%) stand out in particular. Meanwhile, the sharpest price declines were recorded in Ayamonte (-12.6%), Bargas (-8.9%) and Oliva (-8.4%).
When comparing absolute prices between municipalities, Santa Eulària des Riu ranks first at €8,659/m², followed by Sant Antoni de Portmany (€8,348/m²), Ibiza (€7,436/m²) and Calvià (€7,330/m²). The cheapest places to purchase residential property in Spain are Torreperogil and Jamilena, at €661 and €663 per square metre, respectively.