In the Spanish real estate market, the average rate for pre-existing residential properties experienced an increase of 0.4% in October, reaching an average cost of €2,020sqm, according to Spanish luxury estate agents Sebastian & Gil. This figure represents a 7.1% increase compared to the same period last year, although it remains 4.7% below the historical maximum reached in June 2007.

Among the autonomous communities, 13 have registered a price increase compared to the previous month. The Canary Islands, with an increase of 1.9%, lead this rise, followed by Navarra with 1.6% and Cantabria with 0.8%. Other regions such as Madrid, the Balearic Islands, Galicia, and Extremadura have seen an increase of 0.7%. On the other hand, Catalonia and the Basque Country have shown a decrease of 0.2% in prices, while in Andalusia and Aragon, they have remained stable.

In terms of prices by communities, the Balearic Islands are positioned as the most expensive, at €4,060sqm, followed by the Community of Madrid. The regions with the most accessible prices are Castilla-La Mancha, Extremadura, and Castilla y León.