The report highlights the Housing Purchase Sensibility and Risk Index (ISYRAV), which was developed by MWCC in collaboration with DS Ranking, and which stands at 25.2 points. According to the methodology used by the two entities, values below 30 points indicate a market that is still operating sensibly. Despite having risen by 10% compared to last year, the indicator remains far from showing signs of financial risk.

Housing in Spain continues to climb, driven by solid demand and supply that fails to meet market needs:

- The New Housing Price Index registers an all-time high of 206.1 (Base 2015).

- Existing homes are experiencing annual growth of 12.8%.

- The appraisal price stands at €2,094/m², while real estate portals are already reporting market prices of up to €2,789/m².

The analysis shows accelerated activity in the closing of transactions:

In September 2025, home sales reached 59,021 units, 20.2% more than the previous year.

Mortgage lending grew by 38.6% per month, with a clear preference for fixed rates (72.3%) to ensure household financial stability.

Although net household income has reached its highest point to date, at €36,996, there are difficulties in accessing it. The mortgage loan default rate remains low, at 2.1%, while the maximum theoretical effort is 33.5%, slightly above the usual prudential limit.

The sector continues to face the challenge of future supply. In the last year accounted for, housing permits have increased by 11.3% annually, reaching a total of 13,280 units. The stock of new housing, meanwhile, is estimated at 447,691 units, representing an increase of 1.7% compared to the previous year.

About the report:

This ranking and panel of indicators have been compiled and published by DS Ranking and MWCC, using consolidated data from official sources such as the INE, the Bank of Spain, the Association of Registrars, and the Ministry of Transport.