Sevilla has been able to rein in its house prices thanks to a consistent building boom, a new report has found.

House prices in Sevilla have risen by 41.7% in five years, a steep increase but well below the 66.5% recorded in Malaga.

A new study by property developer Metrovacesa says the difference is because Sevilla has more than doubled the number of homes being approved for construction.

The province recorded permits for 10,608 new homes in the 12 months to April 2026, up from 4,464 in 2022.

The developer expects the rise in approvals to translate into more completed homes over the next few years, easing part of the province’s housing shortage.

Over the same five-year period, prices rose by 61.4% in Valencia, 53.7% in Madrid and 53% in Alicante, according to the report.

Over the latest year, however, Sevilla’s prices rose by 12.9%, slightly faster than the Spanish average of 12.5%.

Demand is still running ahead of supply

Home sales in Sevilla province rose by 5.2% between January and July 2026 compared with the same period last year, while sales across Spain fell by 3%. Purchases of newly built homes rose by 9.1% in the province.

Metrovacesa attributes that demand in part to population growth and the formation of around 8,200 new households over the past year.

Foreign nationals accounted for just 4.1% of purchases in Sevilla, compared with 16.6% nationwide in the report’s figures.

The developer estimates Sevilla built around 17,700 fewer homes than it needed between 2021 and 2025.

That shortfall was smaller than Malaga’s estimated 26,300 and well below Alicante’s 58,000, Valencia’s 68,700 and Madrid’s 106,000.

Protected housing accounted for 11.5% of new-build permits in Sevilla province in 2025. More of those homes were delivered than a year earlier, and provisional approvals suggest that pace could hold for the next two years.

Antonio Gil Ramirez, Metrovacesa’s delegate for western Andalucia, said the challenge would be to keep building at a pace that meets Sevilla’s growing housing needs.

Read more Andalucia news at the Spanish Eye.