Spain’s second-hand housing market may have risen sharply over the past year, with prices up 15.7% nationally, but the picture on the ground is far from uniform.
According to new data from Idealista’s October 2025 price report, several towns have seen double-digit declines, with reductions of 13% or more spread across six different regions.
Topping the list are Torreperogil (Jaen) and Arroyo de la Luz (Caceres), both recording annual falls of 21%, the steepest drops anywhere in the country.
They are followed by two Galician municipalities: Allariz (Ourense), down 16%, and A Estrada (Pontevedra), down 15%. Completing the top five is Campo de Enmedio in Cantabria, where values have fallen 14%.
Sixth on the list is Cotobade, also in Pontevedra, with a 14% decrease. The remaining four places in the top ten, all with 13% falls, are occupied by Mojados (Valladolid), El Carpio (Cordoba), and the Murcian municipalities of Alguazas and Abaran.
Top 10 towns with the biggest house-price drops since October 2024
- Torreperogil (Jaén, Andalucía) – €549/m² (-21%)
- Arroyo de la Luz (Cáceres, Extremadura) – €483/m² (-21%)
- Allariz (Ourense, Galicia) – €737/m² (-16%)
- A Estrada (Pontevedra, Galicia) – €685/m² (-15%)
- Campoo de Enmedio (Cantabria) – €625/m² (-14%)
- Cotobade (Pontevedra, Galicia) – €717/m² (-14%)
- Mojados (Valladolid, Castilla y León) – €815/m² (-13%)
- El Carpio (Córdoba, Andalucía) – €490/m² (-13%)
- Alguazas (Murcia) – €526/m² (-13%)
- Abarán (Murcia) – €537/m² (-13%)
Where prices have dropped the most in each region
Idealista’s analysis also highlights the town in each autonomous community with the sharpest year-on-year decline.
Aside from the municipalities already appearing in the national top 10, several others show notable falls above 10%, including:
- Lloseta (Mallorca, Balearic Islands) – down 12%
- Arcas del Villar (Cuenca, Castilla-La Mancha) – down 12%
- Cabrera de Mar (Barcelona, Catalonia) – down 12%
- Rafol de Almunia (Alicante, Valencian Community) – down 11%
- Tineo (Asturias) – down 9%
- Mungia (Bizkaia, Basque Country) – down 8%
- Santa Úrsula (Tenerife, Canary Islands) – down 7%
- Corella (Navarra) – down 6%
- Castañares de Rioja (La Rioja) – down 2%
Regions where prices haven’t fallen at all
Two regions buck the trend entirely. In both Aragon and Madrid, none of the analysed municipalities registered a drop in second-hand prices.
The figures come from idealista/data, the proptech arm of Idealista that compiles market information for professional analysis in Spain, Italy and Portugal.
It draws on Idealista’s extensive property database alongside public and private datasets to provide valuation tools, investment insights and market analytics.
