Home sales in Spain keep falling: 34,599 transactions in August, 9.8% fewer than a year earlier and the eighth monthly decline in a row. Meanwhile the price per square metre is climbing, to €1,959/m² (+12.8%), according to notary statistics. Fewer deals and higher prices is the combination defining the market today, including Malaga and the Costa del Sol.
What do the August 2026 figures say?
It is the lowest monthly volume in six years, and no month so far in 2026 has closed in positive territory. The fall is sharper for flats than for houses, while prices run the other way: they have been rising year on year without interruption since August 2023.
| Indicator (August 2026) | Figure | Year-on-year change |
|---|---|---|
| Total sales | 34,599 | -9.8% |
| Flats | 24,702 | -11.1% |
| Houses | 9,896 | -6.3% |
| Mortgage loans | 19,875 | -5.6% |
| Average price per m² | €1,959 | +12.8% |
| Average price of flats per m² | €2,361 | +17.6% |
Why are prices rising if fewer homes are selling?
Because supply remains tight and solvent demand has not gone away. Fewer homes change hands, but those that do sell at higher prices. Mortgages are not the lever they used to be either: 19,875 loans were signed, the weakest monthly figure in three years, and only 57.4% of purchases were financed with a mortgage. Today's buyers increasingly rely on their own capital.
How does Andalusia compare with the rest of Spain?
Andalusia is falling a little less than the national average: sales are down 8.1%, mortgages only 2.5%, and the price per square metre is up 10.5%. It is a more resilient market than the Balearic Islands (-17.8% in sales), the Valencian Community (-14%) or Madrid (-11%), though the underlying direction is the same.
| Region | Sales | Price per m² |
|---|---|---|
| Andalusia | -8.1% | +10.5% |
| Catalonia | -6.2% | +10% |
| Valencian Community | -14% | +18.2% |
| Madrid | -11% | +17.2% |
| Balearic Islands | -17.8% | -4.9% |
What does it mean for buying in Málaga and the Costa del Sol?
With fewer transactions, negotiating room depends more on each individual property than on the cycle: well-located, fairly priced homes still sell, overpriced ones stall. Buyers should compare against real local data; our Costa del Sol market report publishes median prices per municipality and the price per square metre every month. For sellers the message is similar: an asking price in line with the market matters more than ever.
- Buyer: compare the price per m² with the municipality median before making an offer.
- Mortgage buyer: secure financing before viewing; banks are granting fewer loans.
- Seller: set a realistic price from day one; lower turnover punishes overpricing.
Conclusion
The market is not stalled, but it is more selective: fewer sales, less credit and prices still rising. If you are thinking of buying or selling in Málaga, Marbella, Fuengirola or Benalmádena, EVS Property can help you assess each deal with local data and no obligation.
Frequently asked questions
How many homes were sold in Spain in August 2026?
According to notaries, 34,599 sales, 9.8% fewer than in August 2025 and the lowest monthly figure in six years.
What is the average home price in Spain according to notaries?
€1,959 per square metre in August, 12.8% more than a year ago. For flats it is €2,361/m² (+17.6%).
Are fewer mortgages being signed?
Yes. 19,875 home mortgage loans were signed (-5.6%), the weakest monthly figure in three years. The average amount was €164,978.
How are sales evolving in Andalusia?
They are down 8.1% year on year, slightly less than the national average, while the price per square metre is up 10.5%.
What next? The most useful thing after reading is to look at the real market: browse properties by city or tell us on WhatsApp what you are looking for — area, budget, timing — and we will prepare a tailored selection, with no obligation.
You may also find useful: sell your property invest on the Costa del Sol free valuation monthly price report
