Spain's home sales drop 11.8% while prices climb 9% in May 2026

Spain housing market sales decline price increase mortgage approvals Euribor

In May 2026 Spain’s residential market recorded a sharp contraction. Transactions fell 11.8% year‑on‑year to 55,761, with apartment sales down 14.1% to 41,211 units and single‑family sales down 4.7% to 14,550 units. Despite the volume decline, the average price per square metre rose 8.8% to €2,049, and apartment prices jumped 14% to €2,455 per m².

Mortgage approvals also slipped 4% YoY to 30,577, reflecting tighter credit conditions as the Euribor climbed to about 2.86% in July – its highest level since September 2024 – which pushes variable‑rate mortgage payments higher. At the same time, the second‑hand market saw prices rise 16.2% YoY to €3,154 per m², an increase of roughly €35,000 for an 80‑m² home.

Regional differences were stark. The Valencian Community suffered the steepest drop, with sales down 35.8% YoY, while Castilla‑La Mancha bucked the trend with a 4.5% sales increase and price gains above 15%. Other regions such as the Balearic Islands, Andalusia and the Canary Islands also posted notable price surges despite overall transaction declines.

Entities: Almería (province) · Castilla-La Mancha · Centro de Información Estadística del Notariado (CIEN) · Euribor · European Central Bank (ECB) · Fotocasa · General Council of Notaries (Consejo General del Notariado) · Idealista · Navarre · Roquetas de Mar · Spain · Valencian Community

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 5 SOURCES] Mortgage approvals for home purchase fell 4% year‑on‑year to 30,577 in May 2026. (General Council of Notaries (Consejo General del Notariado))
[● 5 SOURCES] Apartment price increased 14% to €2,455/m² and single‑family price increased 2.7% to €1,445/m² in May 2026. (CIEN data)
[● 5 SOURCES] Apartment transactions decreased 14.1% year‑on‑year to 41,211 units in May 2026. (General Council of Notaries (Consejo General del Notariado))
[● 5 SOURCES] Single‑family home transactions fell 4.7% year‑on‑year to 14,550 units in May 2026. (General Council of Notaries (Consejo General del Notariado))
[● 5 SOURCES] Home sales in Spain fell 11.8% year‑on‑year in May 2026 to 55,761 transactions. (General Council of Notaries (Consejo General del Notariado))
[● 3 SOURCES] Sales in the Valencian Community fell 35.8% year‑on‑year in May 2026. (General Council of Notaries (Consejo General del Notariado))
[● 5 SOURCES] Average price per square metre rose 8.8% year‑on‑year to €2,049 in May 2026. (General Council of Notaries (Consejo General del Notariado))
[● 3 SOURCES] Sales in Navarre rose 8.2% year‑on‑year in May 2026. (CIEN data)
[● 2 SOURCES] Euribor reached approximately 2.86% in July 2026, its highest level since September 2024. (European Central Bank (ECB) data)
[○ 1 SOURCE] The price of second‑hand homes rose 16.2% year‑on‑year to €3,154 per square metre in July 2026. (Fotocasa Index)