
The data provided by Idealista’s latest Annual Report on the Spanish Residential Market 2024 are devastating. The study analyzes the behavior and evolution of supply, demand and housing prices -both for sale and rent- in our country over the last few years. And one of the conclusions reached by this analysis is that the price of housing in Spain in the sale and purchase market is already 15% higher than in the real estate boom of 2007.
Specifically, the figure is 15.23% above that recorded at the peak of the boom, just before the real estate bubble burst in our country. And it is a situation that has been brewing for some time.
According to the real estate clock* prepared by Idealista/Data, after several years of year-on-year growth, housing prices in Spain have been at a record high for a year and a half.
The price of housing for sale, at maximums since 2019.
Attending the data of the same report, the price of housing for sale in Spain grew throughout 2024 to stand at €2,271/m² last December, reaching highs not seen since January 2019.
By provincial capitals, Donostia-San Sebastián tops the list with €5,681/m², followed by Madrid (€4,952/m²) and Barcelona (€4,700/m²).