Regional housing data reveals widening differences across Spain’s property market.
Introduction
Spain’s housing market entered 2026 with increasingly visible regional differences.
While residential property sales across the country declined compared with the previous year, the impact has varied significantly between regions.
According to provisional data from the Spanish College of Registrars, home sales in Spain fell approximately 7% year-on-year in January 2026.
However, the regional breakdown reveals a far more complex picture.
Regions Experiencing the Largest Declines
Several of Spain’s largest housing markets recorded substantial declines in residential property transactions.
| Region | YoY Change | 2026 Transactions |
|---|---|---|
| Canary Islands | −22.7% | 3,214 |
| Community of Madrid | −20.8% | 6,976 |
| Castilla-La Mancha | −18.5% | 3,107 |
| Asturias | −15.5% | 1,123 |
| Valencian Community | −10.8% | 8,464 |
The largest decline occurred in the Canary Islands, where property transactions dropped by more than 22%.
Similarly, the Madrid region recorded one of the steepest declines among Spain’s largest property markets.
These declines may partly reflect affordability pressures after several years of rapid price growth.
Regions Showing Growth
Despite the broader slowdown, several smaller markets recorded strong increases in housing transactions.
| Region | YoY Change | 2026 Transactions |
|---|---|---|
| Melilla | +53.8% | 61 |
| Navarra | +20.4% | 812 |
| Ceuta | +10.5% | 63 |
Although these markets represent a smaller share of Spain’s overall housing market, they demonstrate how local economic conditions and demographic trends can influence property activity.
Spain’s Largest Markets Still Dominate Activity
Despite the recent declines, Spain’s largest property markets continue to account for the majority of housing transactions.
These include:
- Andalusia
- Catalonia
- Valencian Community
- Madrid
Among these, Andalusia recorded the highest number of residential transactions in January 2026, despite a modest year-on-year decline.
TheNLS.com Conclusion
The latest regional housing data highlights the growing importance of local market conditions in Spain’s property sector.
According to market monitoring by TheNLS.com, regional divergence is becoming one of the defining characteristics of Spain’s housing market.
While some regions experience temporary slowdowns following periods of strong price growth, others continue to expand due to local economic conditions, demographic trends, or government incentives.
For buyers and investors, understanding these regional dynamics will remain critical when evaluating opportunities across Spain’s property market throughout 2026.
Source: Spanish College of Registrars (Registradores).
