Record-breaking number of houses sold in Spain within the past 18 years
Boom in Real Estate Sales: 2025 Sees Highest Home Sales Since 2007
The real estate market in 2025 is witnessing a significant surge, with the highest number of home sales since 2007. According to data from the National Institute of Statistics (INE), the first half of 2025 saw 357,533 home sales, marking a 20% increase compared to the same period last year [1].
In the first half of 2025, used homes accounted for nearly 78% of total sales, exceeding the 40% of new homes sold in 2007. Over 278,000 units of used homes were sold, a figure that surpassed the sales figures for the entire year of 2015 [2]. This trend is primarily driven by the regions of Castile and Leon (31.4% increase), La Rioja (30.3% increase), and Castile-La Mancha (26.7% increase) [3].
Transactions in the first half of 2025 exceeded those in the second half of 2007, and the number of transactions for used homes in the first half of 2025 represents a sustained increase of almost 20% compared to last year's figures [1]. Remarkably, the number of transactions for used homes in the first half of 2025 exceeds those from 2022 by more than 8% [4].
The strong demand for real estate is driven by a recovering market, pent-up buyer demand, and affordability concerns. Rates have hovered near but slightly under 7%, encouraging buyers to act quickly before potential increases [5]. Buyers are focusing on affordability, long-term value, and move-in-ready homes [6].
Sellers are increasingly offering incentives like mortgage buydowns or closing cost help to attract budget-conscious buyers. However, demand remains robust in many areas due to limited new construction and hesitance among existing homeowners to sell [6]. The market is transitioning from a high seller’s market to more balanced conditions, with buyers gaining more negotiation power [7].
Despite the rebound in new construction, it is not enough to meet the demand for housing in 2025. The supply of homes in the market remains scarce, creating ongoing competition for quality homes and supporting strong sales [1][4].
Benat del Coso, spokesperson for the real estate platform Idealista, stated that more homes were sold in the first half of 2025 than in the entire year of 2015 [2]. The real estate market in 2025 is experiencing sharp price increases, but the trend is primarily driven by secondhand housing [8].
As we move forward, it will be interesting to see how the market evolves and whether the current trends continue. The real estate sector is closely monitoring these developments to provide insights and advice for buyers and sellers navigating this dynamic market.
References: 1. INE data 2. El País 3. El Mundo 4. El Confidencial 5. Bloomberg 6. Zillow 7. Realtor.com 8. Forbes
Investors in the real estate sector are likely seeing increased returns due to the surging housing-market in 2025, as the first half of the year recorded the highest number of home sales since finance data from 2007. The real estate finance environment is supporting this trend, as low-interest rates encourage buying decisions and developers struggle to keep up with the demand for new housing.
