Key Market Indicators for January 2026
According to the latest data from the Idealista portal, the average price of resale housing in Spain rose by 18.4% year-on-year in January 2026, reaching €2,650 per square meter. This increase also reflects a 3.7% rise over the last quarter and a 0.4% uptick compared to the previous month, marking a record high since these statistics have been tracked.
Price Growth Across Autonomous Communities
Resale housing prices increased in every autonomous community compared to the previous year.
Leading the growth is Murcia, with a remarkable 25.8% increase, followed by Andalusia (21.4%), Asturias (19.2%), the Community of Madrid (19.1%), and Cantabria (18.5%).
Regions with growth slightly below the national average include the Valencian Community (17.8%), Aragon (14.6%), Catalonia (14.3%), the Basque Country (13%), Castile–La Mancha (12.2%), and the Canary Islands (11.7%).
The smallest increases were recorded in Galicia (7.6%) and Extremadura (8.3%).
Price Levels by Autonomous Communities: Most and Least Expensive
The Balearic Islands remain the priciest autonomous community for resale housing, with an average price of €5,194/m². It is followed by Madrid (€4,585/m²), the Basque Country (€3,460/m²), the Canary Islands (€3,200/m²), Andalusia (€2,784/m²), and Catalonia (€2,776/m²).
At the more affordable end of the spectrum are Extremadura (€1,040/m²), Castile–La Mancha (€1,048/m²), and Castile and León (€1,287/m²).
Provincial Price Dynamics
In January 2026, resale housing prices rose in 49 provinces compared to the same month last year, with only Ourense experiencing a decline (-2.8%).
The province of Valencia recorded the highest increase at 25.9%, closely followed by Murcia (25.8%), Asturias (19.2%), Madrid (19.1%), and both Almería and Toledo at 19% each.
Barcelona’s province saw a solid growth of 13.9%.
Most Expensive and Most Affordable Provinces
The Balearic Islands continue to be the most expensive province for purchasing resale residential property, averaging €5,194/m², followed by Madrid (€4,585/m²), Gipuzkoa (€4,265/m²), Málaga (€4,082/m²), Santa Cruz de Tenerife (€3,366/m²), Biscay (€3,321/m²), and Barcelona (€3,123/m²).
On the opposite end, the most affordable provinces for homebuyers are Ciudad Real (€779/m²), Jaén (€858/m²), and Cuenca (€861/m²).
Provincial Capitals and Major Urban Markets
All provincial capitals experienced an increase in resale housing prices over the past year.
The most significant rise occurred in Santa Cruz de Tenerife, where prices climbed by 26.3%. Other notable increases include León (23%), Guadalajara (22.3%), Murcia (19.1%), and Teruel (18.9%).
The lowest annual growth rates were seen in Melilla (2.6%), Cádiz (3.8%), Ceuta (4.2%), and both Vitoria and Girona (6% each).
Among Spain’s major urban markets, price increases were substantial in Valencia (15.9%), Madrid (14.8%), Palma (13.4%), Seville (12.8%), Bilbao (12.2%), Málaga (12.2%), Alicante (11.2%), San Sebastián (10.9%), and Barcelona (9.4%).
San Sebastián remains the most expensive city to buy a home, with an average price of €6,480/m², while Zamora is the most affordable at €1,300/m². Madrid’s average price stands at €5,861/m², and Barcelona’s at €5,148/m².