Forecast of housing prices until2025 in regions with significant changes, according to Euroval data.

Valuation company Euroval predicts an increase in the cost of housing in Spain over the next three years. On average, the average price per square meter is expected to rise by 6% between 2023 and 2025, reaching 1.809 euros/m2 by the end of the analyzed period, compared to the 1.706 euros that were at the end of 2022. Thus, housing costs will increase by an average of 103 euros per m2. According to the latest study published by the company, annual growth will be around 2% this year, reaching 1.97% in 2024 and falling to 1.90% in 2025. In addition, the overall price growth is expected to increase as prices are expected to fall in only three provinces, and this will also be uneven.

Some areas will see double-digit growth, while others will see more moderate growth.“The average housing price will continue to rise until 2025, although within a trend characterized by more moderate and stable growth than in the previous period. Spanish provinces will experience uneven development within this trend, which is marked by relatively stable growth: Malaga will increase by 8.46%, Madrid by 5.28%, and Barcelona by 2.96%.”," the assessor notes, adding that "the unevenness in price behavior between provinces is significant, as each responds to the specific dynamics of its market. The analysis of the data showed that a total of 28 provinces (including the two autonomous cities of Ceuta and Melilla) will see average prices grow more than the national average (6%) between 2023 and 2025, while 24 provinces will grow more slowly; of these, three will have a negative balance over this three-year period.The Euroval report also points to another important fact: the upward movement relative to the national average over the projection period is much more marked than the downward movement, confirming the trend towards provincial inequality already noted. To illustrate this inequality, the difference between the two provinces that rank first and last in the report's ranking, Guadalajara and Palencia, is 20.3 percentage points.The largest increase in house prices in Spain until 2025 is expected in the province of Guadalajara, where appraisers predict the largest increase of 16.64%. However, the average cost per square meter will not reach the levels reached during the construction boom, when it was 1.823 euros (by 2025 it will rise to 1.809).The other provinces where housing costs are expected to rise above the national average include Toledo (15.73%), Huelva (14.35%), Avila (13.58%), Segovia (13.16%), Zaragoza (11.4%), Cadiz (11.16%), Tarrago