The price of housing increased by 12.3% in September in Spain compared to the same month last year, which raises the increase in the third quarter to 11.9%, according to data handled by the appraisal firm Tinsa.
In September, the largest increase in housing prices occurred again in the Spanish islands, where it became 16.7% more expensive.
In the specific case of Lanzarote, Gran Canaria, and Fuerteventura, prices rose by 9.1% compared to the previous year. Across the Canary Islands, the increase was 10.8%. In the western islands, it was 14.2%, very similar to the increase in the Balearic Islands, which stood at 14.6%.
After the islands, the largest increases in housing were recorded in the capitals and large cities (13.4%), while on the Mediterranean coast they rose by 11.9%, in metropolitan areas by 10.4%, and in the remaining municipalities by 8.6%, according to a statement.
Furthermore, compared to the previous month, August, the price of housing grew by 1.1% in the intermonthly rate. In this case, the Mediterranean coast registered the highest increase, at 1.3%.
So far this year, it has risen 9.8% nationwide
Following this latest increase, housing has become 9.8% more expensive so far this year.
The islands recorded the largest increase so far in 2025, 14.8%, followed by the capitals and large cities (10.3%).
For its part, on the Mediterranean coast, the increase was 9.9%, in metropolitan areas 8%, and in the rest of the municipalities 7.3%.
According to Tinsa, residential prices continued to grow above inflation in September, an increase that is beginning to be reflected in the purchase effort rate, which increased slightly after several quarters of a downward trend. However, at the national level, it remains close to "reasonable" levels of 35%.
Tinsa also highlights that employment continues to hold up and, in the current context of moderate mortgage costs, residential demand remains at a high volume, close to maximums. It also emphasizes that, despite the increasing trend in building permits, housing construction is still insufficient to alleviate price pressures caused by the scarcity of supply.
