Overview
- Spain’s housing market accelerated in Q1 2026, with prices up 14.3% year on year to €1,987 per m2, according to Tinsa, as gains concentrated in Madrid, Valencia, Castilla‑La Mancha and the islands.
- Rents also climbed nationwide by 7.1% over the past year to about €15 per m2, and higher mortgage costs plus an unconfirmed national rental decree risk squeezing household budgets further.
- Vigo set a new rent peak in March at €11.8 per m2, Idealista data show, with very few long‑term listings below €600, pushing many workers and students to shared flats or to stay out of the city.
- Pressure on public housing in Vigo has surged with roughly 17 new applications a day over the past six weeks and a registry that has grown about 65% since January 2025, with about four in five applicants seeking rental options.
- Galicia’s rental stock has thinned since 2022 as listings fell 12% and higher‑priced homes multiplied, while A Coruña illustrates the sales squeeze with second‑hand prices around €3,033 per m2, well above the national average.