# Spanish used home prices surge by 12.9% in 2026 29 September 2026 at 08:18 > Used housing costs in Spain outpace new builds as a 750,000-unit supply deficit drives significant price growth across the property market. Spanish property data reveals used housing prices rose by 12.9% between **Q2 2025** and **Q2 2026**, significantly outpacing the 7.4% increase for new builds. Despite a 3% dip in sales volume to 408,881 units this year, used home costs grew 74% faster than new ones. The [Ministry of Housing]() reports new construction averages 2,737 euros per square metre, compared to 2,343 euros for older properties. While new build price growth peaked at 12.3% in late 2024, one in five sales now involves these recently completed homes. A housing deficit of 750,000 units persists as the population reached **49.8 million** by mid-2026. With 200,000 households forming annually against just 100,000 housing starts, the supply shortage continues to drive sustained price growth across the country. **Spain** [#SpainProperty]() [#HousingMarket]() #RealEstateTrends [#SpanishEconomy]() #PropertyPrices ## Related news ## [Spain approves automatic five-year rental renewals]() 30 September 2026 at 11:43 ## [Government approves new housing crisis decree]() 30 September 2026 at 09:37 ## [Spanish home sales drop 5.1% in July 2026]() 25 September 2026 at 10:29 ## [Spain's GDP growth hits 2.6% in second quarter]() 25 September 2026 at 09:12 ## [Casa 47 launches 638 affordable rental homes]() 22 September 2026 at 17:44