The director of the University of Zaragoza’s Real Estate Market Chair, Luis Fabra, presented the report for the second quarter of 2026 this Friday at Ibercaja’s Xplora space. The document reflects a market with a high rate of purchases, although the areas where demand is concentrated are changing.
This pace, which has been maintained since 2025, amounts to 13 sales per 1,000 inhabitants, a figure similar to that recorded in 2008 and which, according to Fabra, is above the usual level of around ten purchases.
Buyers’ interest is also shifting from cities to smaller towns. High prices in provincial capitals such as Zaragoza, where prices have risen by more than 10%, are causing sales to fall: 6% fewer in the last quarter and 10% fewer over the past year. Even so, Zaragoza accounted for 40% of sales made over the last year, far ahead of Huesca, which ranked second with 3%.
HOUSE PRICES RISE 12.4% IN ONE YEAR
Across Aragon, house prices have risen by 12.4% over the past year, reaching €1,839 per square metre. The increase has been greater for existing homes, up 13.2%, than for new homes, whose prices have risen by 8.4%. This rise is due to several factors, including the imbalance between supply and demand, inflation, and higher labour and material costs.
The situation is worsened by strong population growth. Aragon has gained 31,199 residents over the past year, 27,487 of them foreigners. The region’s population has increased by 2%, well above the Spanish average, reflecting the region’s strong economic performance but also generating housing demand that is too high for the available supply. In response, Luis Fabra called for “agility to meet the needs of the 15,700 new households that have been created.”
NEW-BUILD HOUSING ALSO AFFECTED BY THE IMBALANCE
The imbalance between supply and demand is also evident in the new-build housing market. Over the past twelve months, 3,511 new-build permits have been recorded, compared with 3,739 new-build home sales, according to Fernando Montón, managing director of Grupo Plaza 14.
This situation is driving up the price of new homes, although Montón said the main reason is the increase in production costs, itself caused by more expensive materials and a shortage of labour.
Montón explained that, under the same conditions, building is 13.50% more expensive than it was two years ago. In this regard, Fernando Used, a partner architect at Ingennus, called for the industrialisation of a sector that is becoming increasingly ageing and is failing to attract young workers.
