{
  "id": 10022446,
  "title": "Los precios de la vivienda suben de forma generalizada: así están por capitales",
  "url": "https://urgent.news/2026/09/26/los-precios-de-la-vivienda-suben-de-forma-generalizada-asi-estan-por",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-26T16:01:21.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/inmobiliario/mercado/2026/09/26/6ab66fdee5fdea7b768b4588.html"
  },
  "original_language": "es",
  "account": "Spain's housing market continues to experience price increases, despite a moderation in transactions. The country is facing a deficit of 755,000 homes, which is expected to reach one million by 2028. Experts agree that this imbalance will likely persist, keeping the upward trend in place for now. In the second quarter, the average price per square meter in Spain's capitals reached 2,327 euros, marking a 12.1% annual increase. This trend aligns with the 12.2% rise reported by the National Institute of Statistics for the entire country. In 2026, housing prices are expected to rise across all provincial capitals, with the biggest increases seen in Ciudad Real (20.1%), Segovia (19.5%), Santa Cruz de Tenerife (18.6%), Pontevedra (18.5%) and Oviedo (17.9%). Most cities saw price hikes exceeding 10%, with 37 cities experiencing this. However, some areas, like Ceuta (4.2%), showed more moderate increases. Two scenarios are unfolding: markets with less dynamic activity and a more local, limited buyer base, with smaller price increases; and locations like San Sebastián, where prices are already high and may not sustain double-digit growth. Despite the general price increases, activity has moderated. The availability of housing remains limited in many markets, and demand remains high, leading to high residential values despite declining sales. Roberto Rey, president and CEO of Gloval, emphasizes the need to increase housing supply to meet current market demands and improve access. San Sebastián remains the top residential price, at 5,565 euros/m2, followed by Madrid (5,429 euros/m2), Barcelona (4,786 euros/m2), and Palma de Mallorca (4,351 euros/m2). Other cities with prices over 3,000 euros/m2 include Bilbao (3,588 euros/m2), Málaga (3,530 euros/m2), Valencia (3,111 euros/m2), and Córdiz (3,103 euros/m2). The lowest prices are found in Zamora (1,322 euros/m2), Lugo (1,419 euros/m2), Jaén (1,456 euros/m2), Palencia (1,470 euros/m2) and Lleida (1,474 euros/m2). While prices are dynamic, transaction activity shows signs of slowing. In the first quarter of 2026, the total number of sales in provincial capitals declined by 13.2% year-over-year, falling from 52,331 to 45,417 transactions. This decline is intensifying after a 5.6% interannual drop in 2025. However, the decline was not uniform, with Albacete (+31.94%), Girona (+17.99%), Las Palmas de Gran Canaria (+8.82%), and Vitoria-Gasteiz (+6.99%) experiencing increases. Conversely, Almería (-37.09%), Castellón de la Plana (-34.27%), and Córdoba (-28.22%) saw the biggest declines. The slowdown in sales is attributed to several factors, including the current high prices and many buyers lacking the financial capacity to afford them. Demand remains high, but fewer people can afford current values due to stagnant wages and savings for years. The buyer pool is becoming more selective, seeking smaller homes, expanding search areas to more affordable locations, or delaying purchases until better conditions arise. The financial environment has also become less attractive, with the 12-month Euribor, which influences variable mortgage rates and new home loan prices, sitting at 3.206% in September, above the 2.172% level from a year ago.",
  "summary": "El inmobiliario se encarece de media un 12,1% en las ciudades españolas. Ciudad Real, Segovia, Santa Cruz de Tenerife y Pontevedra sube un 20%. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}