The amount of homes available for sale has experienced an unprecedented decline, with a 15% reduction in 2025. According to a report by Idealista, this is the largest year-on-year drop recorded to date.
Decrease in all the capitals, except Girona
In all provincial capitals there are fewer homes for sale than a year ago, except in Girona, where supply has grown by 5%. Zaragoza leads the slump with a 40% reduction, followed by A Coruña and Oviedo (-38%). Other notable falls include Pontevedra (-34%), Seville (-33%), Teruel (-33%), Soria (-32%), Burgos (-31%), Avila (-31%) and Valencia (-30%).
Among large cities, Madrid recorded a decrease of 29%, Barcelona 23%, and Bilbao 19%. Palma, Alicante and Malaga have also seen reductions of 17%, 15% and 12%, respectively. San Sebastian, on the other hand, is the big city where supply has fallen the least, with 8%.
In 11 capitals, the number of homes for sale has reached its lowest point since records have been kept: A Coruña, Avila, Burgos, Ceuta, Ciudad Real, Las Palmas de Gran Canaria, Oviedo, Soria, Tarragona, Teruel and Valladolid.
Situation in the provinces
At the provincial level, the picture is similar, with declines almost everywhere in the country, except in Cáceres, where supply has grown by 1%. The province most affected was Zaragoza, with a fall of 36%, followed by the Community of Madrid (-28%), Asturias (-27%), Cantabria (-25%), Valencia (-25%) and Huesca, Álava and Vizcaya (-24%). In the province of Barcelona, the reduction was 16%.
The provinces with the smallest decrease in the number of homes available are Alicante and Jaén (-3%), Girona and Badajoz (-4%), Zamora and the Region of Murcia (-6%), Lleida (-7%), Lugo (-9%), and Ourense and Málaga (-10%).
Market outlook
Francisco Iñareta, spokesperson for Idealista, points out that intense buyer activity during the second half of 2024 has led to a drastic reduction in supply, pushing many markets to historic lows. With low interest rates expected, demand is unlikely to slow down in the short term, which could put even more pressure on prices. Although policymakers are announcing measures to speed up the construction of new homes, supply shortages will remain a challenge in high-demand areas for years to come.