Spain · Market overview
The Spanish property market in Q4 2025: official figures and what they mean for buyers
Spanish house prices rose +12.9% year on year in , according to the official INE house price index — resale homes up +13.1% and new builds up +11.2%. Every region where our clients buy recorded double-digit annual growth. Below: the official regional figures, the latest price-per-m² data, and the finance options open to non-resident buyers.
Figures checked against the published INE release on . This page is guidance, not investment advice.
Last updated Reviewed by our Clifton International finance team.
Official price growth by region, Q4 2025
The INE house price index (Índice de Precios de Vivienda) tracks the price of dwellings actually transacted, based on notarised sales. Year-on-year change, all dwellings:
| Autonomous community | Year-on-year price change |
|---|---|
| Spain (national) | +12.9% |
| Comunidad de Madrid | +14.2% |
| Andalucía | +12.4% |
| Cataluña (Catalonia) | +10.9% |
| Comunidad Valenciana | +13.5% |
| Illes Balears (Balearics) | +13.4% |
| Canarias (Canary Islands) | +11.0% |
| Región de Murcia | +14.4% |
| País Vasco (Basque Country) | +12.3% |
Source: Instituto Nacional de Estadística (INE), Índice de Precios de Vivienda, Q4 2025 release. The IPV measures the change in the price of dwellings actually transacted, new and resale, based on notarised sales. Year-on-year figures compare the quarter with the same quarter a year earlier.
What prices look like on the ground
Growth percentages only tell half the story — the price you actually pay varies enormously by location. The official MITMA valuation data puts the average valued price at €5,418/m² in Madrid and €5,473/m² in Ibiza town, against €1,350/m² across the Región de Murcia. We publish the official figure for all 30 cities and regions where we arrange finance, alongside each location's transfer tax and total purchase costs.
See official price per m² data for 30 Spanish locationsLatest official Spain property news
Financing a Spanish property as a non-resident
Non-residents can borrow from Spanish banks, and there are established routes for every stage of a purchase — from the mortgage itself to the currency transfer and, where timing is tight, short-term bridging. The main options:
Non-resident mortgages
Spanish banks typically lend non-residents 60%–70% of the lower of purchase price or valuation, on terms up to 25–30 years. Variable rates are priced off Euribor plus a margin; fixed rates are also available.
Spanish mortgage calculator
Estimate monthly repayments using the latest official Euribor and indicative lender margins, and see the deposit and purchase costs you will need in cash.
Bridging finance
Short-term funding secured on Spanish or UK property, useful when you need to complete quickly, buy at auction, or release equity from an existing property while a sale or mortgage completes.
Development finance
Funding for new-build projects, heavy refurbishment and conversions in Spain, structured around staged drawdowns against the build programme.
Currency exchange
Converting a sterling or dollar deposit into euros at the right moment can matter as much as the mortgage rate. Our FX partners help you plan the transfer and protect against rate moves.
Clifton International is an introducer, not a lender or adviser, and does not handle client funds. We introduce you to the lenders, banks and specialists best placed for your circumstances. See every Spanish location we cover · Spain property finance hub