SPAIN’S property market is showing signs of a slowdown in key expat territories as the number of homes flying off the market in under a week drops.
New data reveals that just 7% of properties sold nationally in the second quarter of 2026 were snapped up in less than seven days.
This represents a slight national dip from 8% during the same period last year.
But the drop in these ‘express sales’ is more pronounced across the coastal hotspots favoured by foreign buyers.
In Malaga, the rate of homes selling within a week fell from 9% to 7%.
Alicante experienced a similar cooling period as instant sales dropped from 7% down to 5%.
The Balearic capital of Palma mirrored this downward trend by also falling from 7% to 5%, while Valencia saw a decrease from 10% to 8% year-on-year.
The slowdown was also felt in Spain’s largest cities.
Madrid recorded a significant drop in express sales from 14% to 11%, followed by Barcelona, which registered a slight decrease from 8% to 7%.
Almost a fifth of homes took between a week and a month to find a buyer.
Another 27% lingered on the market for between one and three months.
The figures were published by property portal Idealista following a review of all sales completed through its platform.
Only one major market bucked the cooling trend – Bilbao saw its express sales rate grow from 9% to 11%.
The inland city of Teruel recorded the highest rate of instant sales in the country with 21% of homes finding a buyer in less than a week
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