In March 2025, Spain’s property market experienced a remarkable upswing, with home sales rising by 40.6% year-over-year to a total of 62,808 registered transactions. This represents the best performance for the month of March since 2007, highlighting the ongoing recovery and vitality of the housing sector.

The strongest growth was seen in the new-build segment, which surged by 64%, while resales also climbed significantly, registering a 34.8% increase. This marks the ninth consecutive month of positive figures for the housing market, with the first quarter of 2025 showing a 20.7% annual increase overall.

Among the Spanish regions, Castilla y León led the rankings with an impressive 66.1% increase in transactions. It was followed by the Basque Country (65.1%) and Extremadura (62.7%). The only region to post a decline was Navarra, which saw a 7.9% drop in sales.

This surge is being driven by a combination of factors: lower interest rates, limited housing supply, and strong demand—especially in major urban centers. As a result, the average time a property stays on the market has fallen to just 73 days, a record low.

With continued price increases and restricted housing stock, particularly in regions such as Andalusia and the Costa del Sol, both investors and private buyers are moving quickly to seize current opportunities. Experts forecast that property prices will keep rising in 2025, although the pace of growth may begin to moderate.

In summary, the current dynamics in Spain’s real estate market present favorable conditions for both investment and home purchase, driven by rising demand, supply constraints, and attractive financing conditions.