Spain's housing market shows no mercy: prices up 8% in 2026

Solvia's forecasts: new-build prices to soar 10% in 2026

Housing prices show no sign of slowing: Solvia expects the average increase in 2026 to be between 6% and 8%, with new-builds leading the way at up to 10%. But behind the official figure, the market is hiding tensions that go far beyond supply and demand.

The Solvia Market View 2026 report makes clear that the main problem is the lack of supply, but demand shows no mercy. The demographic factor has become the great wildcard: the regularization of around one million people and the subsequent family reunifications are injecting additional pressure on the rental market, especially in large cities. Those who point to this factor argue that the migration phenomenon is sustaining demand above what construction can absorb, at least in the short term.

At the same time, the debate over wage stagnation and productivity is gaining ground. With inflation running at around 4% and wages failing to keep up, households' borrowing capacity is suffering. Some analysts point out that the arrival of artificial intelligence is boosting corporate profits without trickling down to wages, creating a dangerous gap for those who mortgage themselves to the limit. The average mortgage of 170,000 euros, at current rates, can become a burden if the economy slows.

The perfect storm — inflation, frozen wages, AI that doesn't share the gains — is here. Unless an economic crisis breaks out, property prices will keep climbing.