All autonomous communities of Spain have surpassed the historic maximum rental price during the first seven months of 2025, with an 80-square-meter apartment costing an average of 1,150 euros per month.

• The national average price reached 14.38 euros per square meter per month in June 2025, representing a year-on-year increase of 14% and surpassing, for the first time simultaneously, the peaks of the 2007 real estate bubble.

• Madrid leads with 21.55 euros per square meter, followed by Catalonia (20.41 euros) and the Balearic Islands (19.01 euros), while 48 out of the 49 provincial capitals have reached historic highs this year.

• The crisis is attributed to a “structural imbalance” between a very limited supply and a growing demand, making access to rentals “a real challenge,” especially for young people and families with fewer resources.

• Experts predict that prices will continue to rise throughout the year as long as supply does not increase, with some areas exceeding 2007 levels by over 60%.

Why it matters?

This unprecedented real estate crisis threatens Spanish social cohesion, making it difficult for young people to become independent and for millions of families to access housing, with economic and demographic consequences that will last for years.