That's the average price of homes actually registered at Spain's land registry (Q1 2026) and the official INE index pace — the fastest since the pre-2008 boom. Asking prices run about 16% higher. Here's every series that matters, city by city, in euros and dollars.
Figures verified 8 July 2026Spain publishes three official series — INE's price index, the Housing Ministry's appraised values, and the land registry's registered sale prices. In Q1 2026 all three hit records, and all three agree on direction.
| Measure | Value | Period |
|---|---|---|
| INE House Price Index (IPV) — from ~95% of registered sales | +12.9% year-on-year (new build +9.1%, second-hand +13.5%). Around 12–13% for five straight quarters | Q1 2026 |
| Ministerio de Vivienda y Agenda Urbana — appraised value, free-market housing | €2,316/m², +13.9% y/y — record high of a series running since 1995 | Q1 2026 |
| Colegio de Registradores — average registered sale price | €2,429/m², +8.9% y/y, +3.2% q/q — record; average mortgage ~€172,500 | Q1 2026 |
| Idealista national asking price | €2,823/m², +15.8% y/y — all-time high (ASKING, portal) | Jun 2026 |
Regionally, the official INE index (Q1 2026, y/y) ran from +15.6% in Aragón and Murcia (the fastest) through Comunitat Valenciana +14.3%, Balearics and Madrid +13.6%, Andalucía +13.3%, Canarias +10.7%, and Cataluña +10.5%, down to País Vasco +10.3% (the slowest). Nowhere is flat.
Every city and region row below is an ASKING price from Idealista — advertised, not final. The two national rows at the top are the official yardsticks to read them against. Idealista updates cities on a rolling basis, so months differ by row.
| Area | €/m² | ≈ USD/m²* | Basis | Period |
|---|---|---|---|---|
| Spain (national, registered sales) | €2,429 | $2,842 | OFFICIAL — Registradores | Q1 2026 |
| Spain (national, asking) | €2,823 | $3,303 | ASKING — Idealista | Jun 2026 |
| Madrid (city) | €6,013 | $7,035 | ASKING | Jun 2026 |
| Barcelona (city) | €5,269 | $6,165 | ASKING | Jun 2026 |
| Marbella | €5,596 | $6,547 | ASKING | Apr 2026 |
| Balearic Islands (region) | €5,337 | $6,244 | ASKING | Jun 2026 |
| Palma de Mallorca | €5,152 | $6,028 | ASKING | Apr 2026 |
| Jávea / Xàbia | €4,072 | $4,764 | ASKING | May 2026 |
| Málaga (city) | €3,784 | $4,427 | ASKING | Jun 2026 |
| Valencia (city) | €3,378 | $3,952 | ASKING | May 2026 |
| Canary Islands (region) | €3,297 | $3,857 | ASKING | Jun 2026 |
| Alicante province | €2,764 | $3,234 | ASKING | Apr 2026 |
| Las Palmas de Gran Canaria | €2,756 | $3,225 | ASKING | Apr 2026 |
| Santa Cruz de Tenerife (city) | €2,576 | $3,014 | ASKING | Apr 2026 |
| Alicante (city) | €2,549 | $2,982 | ASKING | Apr 2026 |
| Murcia Región | €1,816 | $2,125 | ASKING | Jun 2026 |
| Murcia (city) | €1,598 | $1,870 | ASKING | Apr 2026 |
*Converted at €1 = $1.17 (8 July 2026), rounded to the nearest dollar.
Asking prices are one thing; what you actually pay — transfer tax, notary and legal fees, surveys — is another. Ask us anything, or get matched with an estate agent and property lawyer we've independently vetted for Spain. Free, no obligation.