Financial

 

Review and Forecast 2025

The Spanish Real Estate Market in Figures Q4 2024

The fourth quarter of 2024 confirms the continued growth of the Spanish property market. House prices continue to rise, particularly in sought-after coastal areas such as the Costa Blanca and Costa del Sol. Economic hotspots such as Madrid and Barcelona also show consistent price growth. In this analysis, we look at the developments in the property market in Q4 and look ahead to 2025.

General situation of the Spanish housing market in 2024 Q4

  • Average house prices rose 4.4% year-on-year and 2.2% compared to Q3.
  • Lower mortgage rates due to the European Central Bank’s relaxed policy are boosting the market.
  • Building permits rose 16.5% in the first ten months of 2024, but supply is lagging behind demand.

Real estate prices by autonomous region

  • Balearic Islands:: +10,8%
  • Canary Islands: +7,1%
  • Madrid: +7,0%
  • Valencia: +6,5%
  • Andalusia: +4,3%

In 13 of the 19 regions, the price increase accelerated or stabilized. No region experienced a significant decline.

Real estate prices per province

  • Málaga: +13,0% (jaarlijks), +4,8% (quarter)
  • Santa Cruz de Tenerife: +11,5%
  • Balearen: +10,8%, +3,9% (quarter)
  • Alicante: +8,5%

The largest increases were recorded in coastal areas and economically strong regions.

Analyse vastgoedmarkt 2024 Spanje

Real estate prices in major cities

  • Málaga: +12,4%
  • Valencia: +11,8%
  • Alicante: +10,8%
  • Madrid: +7,1%
  • Barcelona: +5,7%

Employment Areas such as Madrid and Barcelona are showing moderate growth, while coastal cities and tourist attractions are increasing in value faster.

Conclusion Spanish real estate market 2024 and expectations 2025

  • High demand for housing due to cheap mortgages and improved employment.
  • Limited offer leads to further price increases.
  • Strong growth in coastal areas such as Valencia, Malaga and the Balearic Islands.

Interest rates are expected to fall further in 2025, keeping mortgages cheaper. Spain remains an attractive market for investors and second home buyers.


Opportunities in the market

New construction and luxury segment: High demand in Malaga and Alicante for modern homes with high-quality facilities.

Developing regions: Murcia still offers affordable options, with growing interest from investors.

Outlook 2025: With expected interest rate cuts and limited housing supply, prices are expected to continue to rise.

Are you looking for a home in Alicante, Malaga or Murcia? This is an ideal time to explore the possibilities. Contact us for a free consultation!