Spain: second-hand home prices up 11.8% in a year, 2,930 euros a square metre
Second-hand home prices in Spain rose 11.8% over the year to 2,930 euros a square metre, so the cost of entering the market rose again in the third quarter.
The facts
- The idealista house price index for second-hand homes for sale in Spain rose +11.8% year on year in the third quarter of 2026, in a release dated 2 October 2026.
- The national level stands at 2,930 euros a square metre.
- Over the three months to September the index rose 0.5%, and over the month 0.2%.
- The all-time high is 2,933 euros a square metre, set in July 2026, so the September reading sits 3 euros below the record.
- The figures come from idealista, a property listing company, not from a statistical office.
What it means for your money
- Entering the market costs 11.8% more than a year ago. The quarterly pace, 0.5%, is far slower than that annual figure.
- Tax on the rental income depends on where the owner is tax-resident, not on the amount of the rent. An owner resident in the EU or the EEA pays 19% on net rental income after deductible expenses; an owner resident outside the EU and the EEA pays 24% on the gross rent with no deductions at all.
- On the legal side, Spanish residential property is freehold and ownership is not restricted for foreign buyers; taxes and transaction costs are a separate question from the right to own.
- Current Spanish owners see the mirror image: the annual 11.8% raises the amount a seller can ask, while the 0.5% quarterly figure shows the pace over the last three months was much slower.
What to watch
- idealista states that it improved its methodology from July 2026, so the year-on-year comparison spans that change.
- The next monthly reading will show whether the July record of 2,933 euros a square metre is retaken.
- idealista labels the same 11.8% as the third quarter in its news release and as September in its press room, so the period wording is the publisher's own.
Sources: idealista, La subida del precio de la vivienda usada en venta llega al 11,8% anual en el tercer trimestre, 2 October 2026 https://www.idealista.com/news/inmobiliario/vivienda/2026/10/02/916873-la-subida-del-precio-de-la-vivienda-usada-en-venta-llega-al-11-8-anual-en-el-tercer; idealista, Informes de precio de la vivienda en venta, September 2026 https://www.idealista.com/sala-de-prensa/informes-precio-vivienda/venta/