The average price per square metre of homes sold has risen by 37% since 2018, while the average transaction amount has increased by more than 57,000 euros.
Access to housing has been at the centre of social and political debate in recent months. In addition to remaining citizens’ main concern, it has led to the general election being brought forward to 29 November. Housing features prominently in the campaign, against a backdrop of prices rising by close to 40% since Pedro Sánchez arrived at La Moncloa in 2018.
Data from the Notaries’ Statistical Portal show that, during his Government, the average price per m2 of homes sold has increased by 37%. From 1,426 euros/m2 in June 2018, following the motion of no confidence against Mariano Rajoy, it rose to 1,959 euros/m2 last August, the latest official figure published by the General Council of Notaries. The net increase amounts to 533 euros/m2.
The average floor area of homes sold, also provided by the notaries, makes it possible to calculate the average purchase amount. Last August, the average transaction reached 215,596 euros, compared with 158,534 euros in mid-2018. The absolute difference is 57,062 euros, equivalent to a relative increase of 36%.
The notaries also point out that house price growth is gathering speed over time. In 2018 prices were rising at a year-on-year rate of 2.4%, compared with 7.55% in 2025. This represents an advance of 5.12 percentage points and a relative increase of 210.7%. Since April, year-on-year growth has remained in double digits and reached 12.8% in August, the largest rise of this kind since October 2021 (14.3%).
Sales keep pace despite rising prices
The sharp increase in the average price of homes sold has not slowed down property transactions. In 2018, 586,397 sales were formalised before a notary, while in 2025 the figure reached 755,969 units, the best result since the property boom.
Up to August, 440,912 transactions have been recorded, so 2026 could close with around 661,000 sales if the current trend continues. For now, transactions have fallen year on year month after month, and in August they hit their lowest level in the last six years.
Small increases in buying age and years of income
The median age of buyers has also increased, although much more moderately. It has gone from 44 years in 2018 to 46 years in 2025, a rise of 4.5%.
The increase in the number of years of income needed to buy a home is more marginal. This indicator has gone from 5.02 years in 2018 to the current 5.03, a rise of just 0.18%.
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Source: idealista/news