Spain's Real Estate Transaction Market Saw a Slight Decline in February, With New Home Prices Rising 21.5% Year-on-Year
2026-04-27 11:48
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en.Wedoany.com Reported - The Spanish National Statistics Institute released its latest report, showing that real estate transaction volume in February 2026 fell by 0.5% year-on-year to approximately 59,700 units, marking the second consecutive month of decline. Ferran Font, Research Director of Pisos.com, believes this adjustment is "very moderate" and occurs against a backdrop of high market activity, with cumulative real estate transaction volume over the past 12 months still at a high level.

By type, new home transaction volume rose 21.5% year-on-year, while second-hand home prices increased by 11.8%. Second-hand homes still dominate the market, accounting for 76.7% of total transactions. From a regional perspective, Andalusia reported over 12,000 real estate transactions, Catalonia exceeded 10,300 units, and the Valencian Community recorded nearly 9,000 units, with these three regions continuing to lead the market. La Rioja had the lowest real estate transaction volume at 419 units. In terms of year-on-year growth, Asturias, La Rioja, and Andalusia all saw increases exceeding 20%, while Navarra was the only region to experience a decline, with a drop of 26.7%.

At the provincial level, Barcelona, Madrid, and Alicante recorded the highest real estate transaction volumes. The analysis indicates that limited supply and active demand, along with potential improvements in the financial environment, support short-term expectations of rising home prices. International economic conditions and possible policy adjustments will continue to influence market trends.

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