Prices for houses and apartments in Spain have significantly outpaced average salaries over the decade

According to a report from the real estate portal, housing prices in Spain have risen by 34% over the past 10 years. This is 10 percentage points more than the increase in average wages over the same period.

The report says that a significant part of the country’s population has lost purchasing power.

The study shows that in March 2014, the price per square meter of housing in Spain averaged €1,658 – 34.56% less than in the same month in 2024 (€2,231).

“The data is very clear and shows a clear upward trend in house price levels over the last decade, which has spread more or less evenly throughout the country, with particular emphasis on high-demand areas such as the Basque Country, Madrid, Catalonia and the Balearic Islands.” , explained Ferran Font, Research Director at

So, 10 years ago in Spain there were only three regions where a square meter cost more than €2,000 – the Basque Country (€2,879), the Balearic Islands (€2,172) and Madrid (€2,143). There are now six regions significantly above this figure, including the Balearic Islands (€4,268), Madrid (€4,020), the Basque Country (€3,119) and Catalonia (€2,758).