Murcia has kicked off the year as Spain’s fastest-growing housing market, driven by a sharp rise in sales and growing interest from foreign buyers.
Murcia topped the regional growth rankings for home sales in the first quarter of 2025, with a 20.6% increase in transactions compared to the previous quarter—the biggest rise of any Spanish region, according to the latest data from the College of Registrars.
Strong rebound in new builds and foreign demand
The bulk of the 7,312 home sales recorded in Murcia were second-hand properties (5,587 sales, up 12.8%), but the standout figure came from new builds, which surged 55.5% to reach 1,725 transactions.
Murcia also ranked fourth nationally for the share of purchases made by foreign buyers, who accounted for 20.4% of all transactions in the region. Only the Balearic Islands (30.0%), the Valencian Community (28.3%), and the Canary Islands (24.6%) had higher proportions. Of the foreign buyers in Murcia, 9.5% were citizens of the European Union.
House prices rising, but still among the lowest in Spain
Murcia’s average property price rose 7.5% year-on-year to €1,213 per square metre—well below the national average and the fourth lowest regional figure in Spain. So, while prices are heading up, the region remains one of the most affordable destinations for buyers.
National market hits post-2007 high
Across Spain, 181,625 homes changed hands in the first quarter, a quarterly increase of 5.3% and the highest volume since the third quarter of 2007. Compared to the same period in 2024, sales were up 19.9%.
New-build sales jumped 34.4% year-on-year to 41,956 units, while resale transactions rose 16.2% to 139,669. On a quarterly basis, those figures represent increases of 8.5% and 4.3% respectively.
Over the past 12 months, there were 667,058 home sales in total—up 16.3% compared to the previous 12-month period. Of these, 524,564 were resales (+13%) and 142,494 were new homes (+30.6%).
Property prices hit new record
Average house prices in Spain reached a new all-time high in Q1, rising 2.9% to €2,226 per square metre. Second-hand homes saw a 1.9% quarterly rise to €2,153/m², while new-build prices rose 5.5% to €2,467/m².
The repeat-sale house price index (IPVVR) also posted its sharpest quarterly increase in years, rising 5.7%. The index now stands 18.8% above the peak recorded before the financial crisis in 2007.
Madrid remains the most expensive region with an average price of €3,955/m², followed by the Balearic Islands (€3,822), the Basque Country (€3,193), and the Canary Islands (€2,625).
