Europe Property Data working title

Spain property prices

Spain property prices by city: Madrid, Barcelona, Mallorca, Malaga, Alicante, Tenerife (2026)

Short answer. In early 2026, the highest asking prices were in Madrid (about 5,984 EUR per square meter) and the lowest in Alicante (Costa Blanca) (about 2,549 EUR per square meter), a gap of about 135%. These are asking prices from Idealista, shown next to the official INE trend. Source: Idealista (asking prices).

Updated 8 June 2026Official source named

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Where these places are

Full data table

Spain property prices by city: Madrid, Barcelona, Mallorca, Malaga, Alicante, Tenerife (2026). Prices in EUR per square meter.
CityAsking (EUR/sqm)Sold (EUR/sqm)Change, 12 monthsTrend
Madrid5,984n/a+7.4%Rising
Barcelona5,243n/a+7.1%Rising
Palma de Mallorca5,152n/a+9.8%Rising
Malaga (Costa del Sol)3,722n/a+10.1%Rising
Tenerife (Santa Cruz)2,552n/a+20%Rising
Alicante (Costa Blanca)2,549n/a+9.2%Rising

Source: Idealista (asking prices). https://www.idealista.com/sala-de-prensa/informes-precio-vivienda/

Official trend

Spain's official transaction based House Price Index rose about 12.9% over the year to 2025-Q4, with the index at 187.45 (2015 = 100). This is the official trend behind the asking prices above. Source: Eurostat, House Price Index (prc_hpi_q), fetched 2026-06-08. https://ec.europa.eu/eurostat/databrowser/view/prc_hpi_q/default/table?lang=en

How we know these numbers

Spain's official trend comes from INE (the national statistics institute) house price index, built from notary transaction data, which rose about 12.9 percent over the year to Q1 2026, and is also in Eurostat. The per square meter figures here are asking prices from Idealista, the main portal. Asking prices sit above what buyers actually pay at the notary.

These are asking prices from Idealista. The official, transaction-based INE index (built from notary data) is lower in absolute terms but shows the same strong upward trend, up about 12.9 percent over the year to Q1 2026.

Frequently asked questions

Which Spanish city is most expensive per square meter?

Madrid leads at about 5,984 EUR per square meter asking, then Barcelona and Palma de Mallorca, all above 5,000. The Costa Blanca (Alicante) and Tenerife are the most affordable here, near 2,550.

Are these official prices?

No. The figures are asking prices from Idealista. The official, transaction-based trend is the INE house price index, built from notary data, which is also sent to Eurostat.

Which market is rising fastest?

Tenerife (Santa Cruz) stood out at about 20 percent over the year, with Malaga and the islands also strong. Madrid and Barcelona rose more moderately, around 7 percent.

Sources