The study, which analyzes market evolution between March 2023 and March 2026, details that the price per square meter in Madrid has risen from 4,461 euros to 6,369 euros. This elevates the average cost of a 90-square-meter apartment to 573,222 euros, a significantly higher figure than the 401,466 euros recorded three years ago.
The pisos.com report also highlights a widespread increase in housing prices across Spain during this period. Particularly notable is the rise in peripheral municipalities, where some localities have seen their property values double or even triple.
“"The periphery is no longer the refuge it once was. The sharp increase in prices in municipalities far from major cities shows that the housing access problem is no longer limited to metropolitan areas."
Among provincial capitals, none registered price decreases between 2023 and 2026. All experienced increases, reflecting a structural imbalance between supply and demand. The most moderate increases were observed in León (+0.42%), Tarragona (+5.13%), and Ourense (+5.16%), while Valencia (+41.57%) and Málaga (+37.66%) led the most significant rises, all surpassing inflation.
The price escalation in large cities has led to a displacement of families to surrounding towns in search of more affordable options, driving up values in these areas. However, the report warns that this model loses effectiveness when the periphery also experiences increases of 70% or even 100%. In areas like Madrid, municipalities such as Pinto (+33.75%) already show increases close to those of the capital.
“"Affordability has ceased to be a problem exclusive to large cities and has become a national issue, which demands urgent structural responses regarding land and the promotion of new housing."
