Spain housing prices rise 12.5% year-on-year

Used housing prices in Spain rose by 12.5% year-on-year in August, reaching an average of 2,924 euros per square meter, according to data from Idealista. While the annual trend shows significant growth, there was a slight monthly decrease of 0.3%, breaking a 43-month streak of consecutive monthly increases.

Regional trends show that all autonomous communities experienced higher prices compared to the previous year. Cantabria saw the highest increase at 17.2%, followed by Castilla-La Mancha at 16.4% and Aragón at 15.4%. At the provincial level, Toledo recorded the largest growth at 19.9%, followed by Burgos, Cantabria, Valencia, and Zaragoza.

In the province of Albacete, housing prices increased by 9.1%. Within the province, Villarrobledo and La Gineta saw the most significant rises at 16.9% and 15.3%, respectively. Ourense was the only province to record a price decrease, falling by 5.4%.