Emiliano Bermúdez

Spanish home sales slide 11.2% in Q1 2026 as record 2025 fades and mortgage costs climb

After a record-smashing 2025, the Spanish property market is cooling fast. Transactions fell 11.2% in the first quarter to 163,322, the lowest for a Q1 since 2024, as rising financing costs and a tight supply squeeze out buyers.