The Spanish property market has encountered a setback in the third quarter of 2026, following a sluggish start to the year in terms of property sales. Recent figures reveal that only 2,067 properties have been sold so far this year, a drop of approximately 350 compared to 2025.
Residential flats have seen the most significant decline, with sales plummeting from 1,630 to 1,234, representing a decrease of nearly 25%. This downturn indicates that the market is now selling one in four available flats less than in previous years, leading to a reduction in interested buyers.
Furthermore, there has been a notable decline in both domestic investors and foreign companies, with the latter halving in number compared to the previous year. This sector, which typically generates hundreds of millions of euros, has seen a total of €906 million in transactions over the past nine months. While this figure remains substantial, it is lower than the €1.039 billion recorded in 2025.
In contrast to the falling transaction numbers, property prices have not decreased. The average price per square metre has surged to €5,100, equating to approximately €500,000 for a 100-square-metre flat. Experts in the sector suggest that this upward trend in prices may continue until new construction projects are initiated.
