Spain’s housing market recorded a slowdown in transactions in June 2026, but property prices continued to climb.
According to the latest data from the Statistical Information Centre of the Notariado (CIEN), 67,529 home sales were recorded across Spain during June, representing a 4% decrease compared with the same month in 2025.
Despite fewer transactions, the average property price continued its upward trend, increasing 8.8% year-on-year to €2,114 per square metre.
Apartment sales fall as prices rise 13.8%
The decline in transactions was largely driven by apartments.
A total of 50,458 apartment sales were recorded during June, down 5.6% year-on-year.
However, apartment prices moved sharply in the opposite direction, increasing 13.8% to an average of €2,529/m².
Single-family homes performed more strongly, with transactions increasing slightly by 0.8% to 17,071 sales. Prices in this segment rose by 2.5%, reaching an average of €1,504/m².
Sales fall across most Spanish regions
Home sales declined in 13 of Spain’s 17 autonomous communities, highlighting a widespread slowdown in transaction volumes.
The largest decreases were recorded in:
- Basque Country: -14.2%
- La Rioja: -12.5%
- Balearic Islands: -11.4%
Only four regions recorded increases in transactions: Navarra (+18.6%), Valencia (+7.9%), Cantabria (+5.4%) and Castilla y León (+4.8%).
Property prices rise across most of Spain
While transaction numbers declined, prices increased in 15 of the 17 autonomous communities.
Cantabria recorded the strongest annual increase at 41.6%, followed by Murcia at 22.1% and Valencia at 21%.
The Balearic Islands (-2%) and Navarra (-0.4%) were the only regions to record falling prices.
Mortgage lending remains resilient
Mortgage activity remained relatively stable despite the fall in overall transactions.
A total of 36,249 mortgages for home purchases were granted during June, an increase of 0.2% compared with the previous year.
The average mortgage amount increased 7.3% to €188,785.
Mortgages were used to finance 53.7% of all home purchases, with the average loan covering approximately 72.3% of the property’s purchase price.
What does this mean for Spain’s property market?
June’s figures highlight a continuing divide between transaction volumes and property values.
While fewer homes are changing hands, prices continue to rise across the majority of Spain, suggesting that reduced transaction activity has yet to translate into downward pressure on property values.
For agents and property professionals, the figures point towards a market where pricing, local demand and regional differences are becoming increasingly important, particularly as buyers navigate higher property values.
Source: Portal Estadístico del Notariado | June 2026
