Deficit housing Spanish cities

The Spanish real estate market has experienced a notable shift in housing availability: “supply decreased from almost 196,000 properties for sale in September last year to the current 187,000,” meaning approximately 9,000 fewer properties are on the market. This annual 4% reduction in available housing in provincial capitals could “lead to price tensions in the medium term.”

Differences by Cities

The housing shortage is unevenly distributed across the country. In 37 provincial capitals, supply volume decreased, while in 14 cities the number of available properties increased. Supply fluctuations vary significantly depending on location.

Cities with the Highest Supply Growth

Ceuta leads with a 19% increase in available properties, followed by Orense (16%), León (15%), and Córdoba (13%). Double-digit growth was also shown by Jaén (12%), Girona (10%), Palencia (10%), and Cáceres (10%).

Cities with the Highest Supply Reduction

Pamplona experienced the sharpest reduction at 28%, Soria (-24%), Santander (-23%), San Sebastián (-22%), Teruel (-22%), and Zaragoza (-22%) also faced significant shortages. Guadalajara, Lleida, and Castellón de la Plana decreased by 16-19%.

Major Markets

Among Spain’s largest markets, Madrid and Valencia saw supply decrease by 11%. Seville lost 6%, Málaga 5%, Bilbao 2%. Barcelona was the only major market with supply growth of 7%: from 17,956 to 19,293 properties.

Where is the Largest Supply?

Madrid maintains the largest absolute supply volume with 24,664 properties, followed by Barcelona (19,293), Valencia (10,913), Alicante (9,476), Palma de Mallorca (8,754), and Córdoba (8,595).