As of March 2025, Spain’s housing market is experiencing notable shifts influenced by economic growth, policy changes, and evolving demand patterns.
Economic Context
Spain’s economy has been robust, emerging as Europe’s fastest-growing economy with a 3.2% rise last year. This growth is largely driven by mass migration and tourism. However, this economic boom has not uniformly improved living conditions, as housing affordability remains a significant concern. Over the past decade, house prices have surged by 44%, while wages have only seen a 19% increase, leading to a disparity between property costs and income levels.
