House prices stabilise in Spain in August, Tinsa reports
Friday, September 11, 2026 @ 10:18 PM
Spanish house prices held flat in August compared with July — the first month without further acceleration after a run of consecutive quarterly increases — according to valuation firm Tinsa. Prices are still up 14.9% on a year earlier, some 10 percentage points above inflation, but the pause in month-on-month growth is the clearest sign yet that the pace seen through the first half of the year — which peaked at 15.2% annual growth in the second quarter — may be starting to level off.
The Mediterranean coast recorded the fastest annual price growth of any region tracked in August, at 17.4%. Photo: Freepik
The slowdown was not even across the country. It was sharpest in the islands and in capital and large cities — precisely the areas where prices and buying effort are already most stretched, according to Tinsa's research director, Cristina Arias. Island prices fell 0.9% in August alone, the steepest monthly drop of any region tracked.
Coastal and metropolitan markets told a different story. The Mediterranean coast and metropolitan areas both recorded annual growth of 17.4% in August — comfortably the fastest of any category Tinsa tracks, and well ahead of the 10.2% recorded in smaller municipalities. Even as the market as a whole shows its first signs of catching its breath, the areas most popular with international buyers are still the ones moving fastest.
Arias pointed to a squeeze on household purchasing power as a factor behind the broader slowdown, linking it in part to inflation stemming from the conflict in the Middle East, alongside higher interest rates and continued difficulty accessing housing. Transaction and mortgage volumes moderated in the first half of the year as a result, though both remain above their historical average.
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