The average price of second-hand housing in Spain recorded in October an interannual increase of 1.97%, reaching 2,466 euros per square meter. Compared with September, the increase was 0.04%, according to figures released by pisos.com.
Ferran Font, Director of Studies at pisos.com, explains that the limited supply available, the difficulties in getting new developments underway with the necessary speed, and the concentration of demand in certain cities keep upward pressure on the second-hand market.
At the same time as prices continue to rise, the number of property transactions has lost some of the momentum it showed in previous months. Font attributes this slowdown in transactions to the fact that buyers are “starting to find their limits.”
Along these lines, the person in charge of the portal emphasizes that “it is becoming increasingly difficult for all interested households to convert their housing need into an effective transaction.”
Likewise, Font considers that “the electoral call introduces ‘an additional variable’ into a market that is already conditioned by the scarcity of supply and the deterioration of accessibility.
The spokesperson for the real estate platform adds that, by themselves, elections “will not mean an immediate change in the trend of prices,” although he acknowledges that a potential buyer who is considering purchasing a home “could delay the decision if they expect tax changes or new aid.”
SAN SEBASTIÁN, THE MOST EXPENSIVE CAPITAL; JAÉN, THE CHEAPEST
The monthly report by pisos.com places October 2026 with the most expensive square meter in the following autonomous communities: the Balearic Islands (5,180 euros per square meter), Madrid (4,612 euros) and the Basque Country (3,337 euros), while the lowest prices were found in Extremadura (850 euros), Castilla-La Mancha (964 euros) and Castilla y León (1,256 euros). In interannual terms, the most notable rebound occurred in the Valencian Community (3.85%), with no corrections recorded in this period.
If we analyze by province, the largest increase compared with the previous year occurred in Granada, with a rise of 5.03%. The only declines were observed in Zamora, with a fall of 2.63%, and in Soria, where the adjustment was 0.54%.
In the provincial price ranking, the Balearic Islands topped the table in October 2026 with 5,180 euros per square meter, followed by Madrid (4,612 euros) and Guipúzcoa (3,865 euros). At the other end was Ciudad Real, which closed the list with 723 euros per square meter, along with other more affordable provinces such as Jaén (782 euros) and Zamora (793 euros).
With regard to provincial capitals, the sharpest change compared with October 2025 was recorded in Teruel, with an increase of 10.50%. The only capitals where prices fell were Huesca (-1.02%) and Ourense (-0.21%).
When ranking the capitals by price level, Donostia-San Sebastián remained the most expensive, with 6,641 euros per square meter, ahead of Madrid (6,395 euros) and Palma (5,345 euros). On the other side, the capital of Jaén was positioned as the most economical option, with 1,276 euros per square meter.