The real estate market in Spain experienced remarkable turmoil in 2025, with housing prices surpassing levels not seen since the peak of the property bubble in 2007. According to the General Council of Notaries, the average price for multi-family housing climbed 10% over the previous year, reaching €2,194 per square meter. This steep rise in prices, alongside a drastic shortage in construction, has contributed to an increasingly challenging market for homebuyers, particularly affecting younger individuals.

In stark contrast to previous years, data reveals that only 9.6% of home buyers in 2025 were between the ages of 18 and 30, significantly down from 22.6% during the height of the housing bubble nearly two decades ago. Many young buyers have found themselves effectively shut out of the market, unable to afford rising prices and facing fierce competition from foreign investors, who have more than doubled their share of home purchases in Spain.

The implications of this trend are concerning for the future of home ownership in Spain. With fewer young people able to buy homes, the potential for societal shifts and economic repercussions grows. The ongoing challenges in the housing market may lead to increased generational divides in wealth and opportunities, as the dream of home ownership slips further from reach for the younger population, forcing them to reconsider their long-term housing plans and overall financial stability.