Galician housing market and policy trends

The housing market in Galicia is characterized by rising property and rental costs alongside significant regional budget shifts. In 2025, the Xunta de Galicia’s Department of Housing faced a budget reduction of approximately 58.8 million euros from its initial 493.5 million euro allocation.

Despite these cuts, the regional government has stated a commitment to providing dignified housing, aiming to double its public housing stock to 8,000 homes by the end of 2028. Recent efforts include the delivery of 24 affordable rental units in Santiago de Compostela and an increase in maximum support for protected housing intended for sale from 10,000 to 42,500 euros.

Market data indicates substantial price growth across the region. By the second quarter of 2026, free housing prices had increased by 12.9% year-on-year, while used housing rose by 13.7%. Specific municipalities have seen sharp increases, such as Pontevedra, where annual property prices rose by 18.5%. Sanxenxo remains the most expensive area, with prices exceeding 3,800 euros per square meter. While most areas report growth, Ribeira recorded a 7.7% decline.