SPANISH house prices have fallen month-on-month for the first time in nearly four years, ending a relentless 43-month streak of consecutive national increases.
Average asking prices across Spain dipped 0.3% in August to sit at €2,924 per square metre, according to the latest price index from property portal Idealista.
But the nationwide decline was heavily skewed by the capital, where asking prices in Madrid province dipped 1.5% in a single month to €5,059 per square metre.
Madrid city itself saw saw a more modest retreat, sliding 1.2% over the month to €6,471 per square metre.
Despite the slight national dip, buying a home in Spain remains significantly more expensive than last summer, with nationwide asking rates up 12.5% compared to August 2025
And foreign buyers hoping the dip might lead to a late summer bargain across Spain’s prime coastal belts will find no such relief.
In Andalucia, average asking prices still managed to rise overall, up 0.5% in August to reach an all-time record of €2,938 per square metre.
READ MORE: Property prices in Spain have more than doubled since 2014
On the Costa del Sol, Malaga province saw sellers push their asking rates up another 0.5% during the month to a fresh peak of €4,293 per square metre, leaving local prices 7.4% higher than a year ago.
Malaga city held completely firm over the month at €3,938 per square metre.
Further north on the Costa Blanca, Alicante province also hit a new record high of €2,759 per square metre following a 0.5% monthly rise.
Sellers in Alicante city nudged valuations up 0.6% in August to €2,721 per square metre.
The Balearic Islands, Spain’s most expensive region for property, rose 0.4% in August to set a new record asking price of €5,595 per square metre.
Across the Mediterranean, the Canary Islands was the only major coastal market to register a summer drop, falling 0.6% on the month to €3,336 per square metre.
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