The appraised value of housing in the Community of Madrid reaches €4,089.6 per square metre, a historic high. It is the most expensive region in Spain for the second consecutive quarter.
The average appraised value of housing in the Community of Madrid stood at €4,089.6 per square metre during the second quarter of 2026, according to data from the Ministry of Housing and Urban Agenda collected by EFE and published by cronista.com. This is the highest figure recorded in the region and exceeds the €4,000 barrier for the second consecutive quarter.
Across Spain, the appraised price marked a new historic high, reaching €2,355 per square metre, which is 12.5% more than the same period last year and 1.7% more than in the first quarter of 2026. The official statistics are compiled from reports by appraisal companies of the Spanish Association of Value Analysis (AEV).
The Community of Madrid is once again the most expensive region, ahead of Balearic Islands (around €3,980 per square metre, with a year-on-year increase of 13.1%), Basque Country (€3,102, +11%) and Catalonia (€2,753, +10%). At the opposite end, Extremadura is the only community where the appraised value remains below €1,000, at around €996 per square metre.
By type of property, free housing over five years increased by 12.5% year-on-year, reaching €2,342.5 per square metre. Free housing up to five years rose by 12.1% to €2,736.6, the highest amount in the historical series, which dates back to 2010. Protected housing recorded an increase of 5%, reaching €1,247 per square metre.
In quarterly terms, free housing appreciated by 1.7% between April and June. Housing up to five years advanced by 1.9%, older housing by 1.7%, and protected housing by 2%.
Price increases were widespread among autonomous communities. The largest year-on-year increases were in the Valencian Community (+15.7%), Castile and León (+15.1%) and Castile-La Mancha (+14.7%).
The Ministry of Housing, led by Isabel Rodríguez, noted that the growth of free housing prices is moderating in areas designated as having a tense residential market. In provincial capitals where this provision of the Housing Law has been applied, the price increase is below the state average of 12.5%, according to the same sources.
In provincial capitals where this tool has been applied, price growth is below the state average of 12.5%
With this data, the appraised value of housing has recorded six consecutive quarters above €2,000 per square metre in Spain, surpassing the levels of the real estate bubble. The next update of the appraised value statistics will be known with the data from the third quarter of 2026.
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