Spain recorded one of the sharpest increases in property prices out of all EU countries last summer, a study has found.
According to Eurostat, Spain posted the sixth-largest surge in house prices in both quarterly and year-on-year terms across the bloc in the third quarter of the year.
House prices in Spain rose by 2.9% between July and September 2025, almost double the pace recorded across both the eurozone and the EU as a whole, where prices increased by 1.6% over the same period.
The annual figures are even more striking. Compared with the third quarter of 2024, Spanish house prices climbed by 12.8%, again more than double the average annual rise seen in the eurozone (5.1%) and the EU overall (5.5%).
On a year-on-year basis, the steepest price rises were recorded in:
- Hungary: +21.1%
- Portugal: +17.7%
- Bulgaria: +15.4%
Spain followed closely behind, alongside Croatia, Slovakia and the Czech Republic, confirming its position among the countries experiencing the strongest housing inflation.
Only Finland bucked the trend, with prices falling by 3.1% over the year.
Looking specifically at quarterly changes, the largest price increases were seen in:
- Latvia: +5.2%
- Slovakia: +4.9%
- Portugal: +4.1%
By contrast, prices fell in several countries, including Luxembourg (-3.1%), Finland (-2.2%) and Slovenia (-1.1%).
The latest data underlines the ongoing pressure on Spain’s housing market, where rising prices continue to outpace much of Europe.
With demand remaining strong and supply struggling to keep up, Spain’s position near the top of the EU rankings highlights why affordability has become one of the country’s most pressing social and economic challenges.
