Spanish house prices rise 12.2% year on year in second quarter

House prices in Spain rose 12.2% in the second quarter of 2026 compared with a year earlier, according to the National Statistics Institute's Housing Price Index. The annual rate eased from 12.9% in the first quarter, although prices were 3.4% higher than in the previous three months.

Resale homes led the annual increase, rising 12.9%, while new-build prices climbed 7.4%. The figures show continued year-on-year growth across both segments, with a faster pace for existing homes.

Regional differences

Ceuta recorded the largest annual increase at 15.2%, followed by Asturias at 15.0% and Castilla y León at 14.8%. Navarre had the smallest rise, at 9.5%, followed by the Basque Country at 10.0% and Catalonia at 10.1%.

Among other regions, prices increased 14.4% in Murcia, 13.7% in the Balearic Islands, 13.0% in the Valencian Community, 12.9% in Madrid, 11.9% in Andalusia and 11.0% in the Canary Islands.

Source: INE.