News

^{Home Sales in Spain Continue to Grow. According to the INE (National Statistics Institute), 62,808 housing transactions were registered across Spain in the third month of the year, 5.2% more than in February and 40.6% more year-on-year.}

^{The market has now grown for nine consecutive months, marking the best March since 2007 and accumulating a year-on-year increase of 20.7% in the first quarter of 2025.}

^{The statistics agency reports a widespread rise in transactions, with a 64.2% increase in new homes (14,562) and a 34.8% rise in second-hand properties (48,246). Both segments show year-on-year growth for the year to date, with increases of 36.9% for new builds and 16.5% for resales.}

^{In March, three out of four homes sold (76.8%) were previously owned, while the remaining 23.2% were new constructions. The INE also notes that 93.2% of the homes sold in March were free-market properties (58,568), and 6.8% were subsidized or protected housing (4,240), both showing increases compared to 2024. “Year-on-year, the number of free-market homes sold rose by 41%, while subsidized housing grew by 35.8%,” the statistics agency highlights.}

^{Commenting on the data, Francisco Iñareta, spokesperson for Idealista, explains: “Buyer appetite in Spain continues to accelerate, with nearly 63,000 homes sold in March, a figure comparable to those seen in 2007. The number of homes sold over the past 12 months (673,000) also exceeds 2022 levels. The strength of demand is undeniable, but it’s not matched by sufficient supply, which is creating enormous pressure on prices. In some cities, like Madrid, prices are already growing at over 24% year-on-year, according to our data at Idealista.”}

^{Only Navarra Sees a Decline}

^{The positive trend in home sales during March was almost nationwide. Only Navarra posted a negative result compared to the third month of 2024, with a 7.9% decline.}

^{Among the regions with the highest increases were Castilla y León (66.1%), the Basque Country (65.1%), and Extremadura (62.7%), followed by Castilla-La Mancha (60.2%), Andalusia (55.1%), Murcia (53.5%), and Catalonia (52.3%). Also above the national average were the Balearic Islands (49.9%), Cantabria (45.4%), and Galicia (41%).}

^{Regions below the national average, though still posting double-digit growth, included Aragón (38.6%), Asturias (37.2%), La Rioja (27.1%), Madrid (24.6%), the Valencian Community (21.1%), and the Canary Islands (1.8%). The archipelago recorded the most modest growth, with only a single-digit increase.}