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Second-hand housing jumps 14.1% in Madrid, pushing prices higher
The price of free-market housing in the Community of Madrid is accelerating again. Between April and June it was 12.9% higher than in the same quarter of 2025, seven tenths of a percentage point above the increase recorded across Spain as a whole, according to new data published this Monday by the National Statistics Institute.
The increase is concentrated especially in second-hand housing. The price of existing flats rose by 14.1% year on year in Madrid, compared with a national average of 12.9%. It is by far the segment pushing the regional index the most.
New housing followed a different course. Its price increased by 5.6% compared with the second quarter of last year, below the national growth of 7.4%. The difference between the two markets is considerable: while new builds moderate their rise, existing housing continues to advance by double digits.
The jump is also apparent when comparing only the last three months. Between the first and second quarters of 2026, the overall house price rose by 4.2% in the Community of Madrid. Second-hand housing rose by 4.4% and new housing by 3%.
Madrid is thus above the national rise, which was 12.2% year on year and 3.4% quarter on quarter. It is not, however, the autonomous community where prices rose the most: Ceuta recorded 15.2%, Asturias 15%, Castilla y León 14.8% and Aragón 14.6%.
The figure also helps to put into perspective how much the market has become more expensive in barely half a year. Between January and June, the price of free-market housing in Madrid accumulated growth of 7.4% compared with the same period in 2025. For existing housing the increase was 7.8%, while for new housing it stood at 4.8%.
INE figures cover the whole Community of Madrid, not only the capital, and they also do not make it possible to know which specific neighbourhoods rose the most. The index also measures the evolution of free-market housing sale prices: it is not a rental indicator, nor does it equate to the average price per square metre shown on property portals.
The national market has now accumulated 49 consecutive quarters of year-on-year increases, a little more than twelve years. Madrid is part of that trend, but the figure of 49 quarters refers to Spain as a whole and must not be attributed specifically to the region.
With the second-quarter figures, the main pressure in Madrid is once again in the second-hand market: its 14.1% year-on-year rise exceeds both the region’s overall growth and that of existing housing across the country.