Coastal Housing Market Analysis - First Quarter 2025
Coastal Housing Market Analysis - First Quarter 2025 The technical network of Tinsa by Accumin places the year-on-year increase in second home prices on the coast at 12.1% (€2,970/m²) in the first quarter of 2025, driven by the concentration of new construction in the vacation segment and supply shortage. Including primary residence (first home), the average price on the coast grew 7.2% year-on-year, close to the national average (7.8%). The coasts of Málaga (+14.3% year-on-year), Pontevedra (+11.2%), and Santa Cruz de Tenerife (+10.8%) show the highest year-on-year increases in housing prices, according to first and second home valuations. Up to 32 coastal municipalities exceed bubble-era peaks. Discounting the effect of inflation (real prices), only five municipalities in the Balearics are at series highs. Property transactions (+7.2%) and new construction permits (-2.1%) on the coast maintained high activity levels in 2024, but reduced their weight in the nati...