The housing boom extends to the outskirts of Madrid and Barcelona with increases of 20%.

Fuenlabrada stands out with the highest increase in real estate prices, surpassing even Madrid

In Barcelona, Esplugues de Llobregat leads the rise in housing costs

The real estate market in cities such as Madrid and Barcelona continues to climb, with price increases of 17% and 10.5% respectively during the second quarter of the year. This trend is also spreading to metropolitan areas, where increases of up to 20.3% have been recorded. According to data from consulting firm Gloval, municipalities around Madrid raised their housing prices by 12.3% year-on-year, reaching an average of €3,182 per square meter.

Although this average price is lower than in Madrid—where €4,856/m² is common—the gap between the capital and neighboring municipalities narrows in exclusive areas. Pozuelo de Alarcón, the most expensive municipality in Madrid’s metropolitan area, has an average price of €4,532/m², just €324 below the capital’s average.

The report also highlights the case of Fuenlabrada, which, while not one of the most expensive municipalities, saw a 20.3% increase in average housing prices over the past year, exceeding Madrid’s growth by 3.3 percentage points. Other municipalities also recorded notable increases: Leganés (15.5%), Coslada (14.2%), Alcorcón (14.1%), San Fernando de Henares (13.1%), and Móstoles (13%).

In the price ranking, after Pozuelo de Alarcón comes Majadahonda (€4,165/m²), followed by Alcobendas (€4,047), Boadilla del Monte (€3,748), Las Rozas de Madrid (€3,714), Tres Cantos (€3,628), and San Sebastián de los Reyes (€3,233). Below €3,000/m² are Rivas Vaciamadrid (€2,831), Alcorcón (€2,749), Coslada (€2,635), Leganés (€2,628), Getafe (€2,611), San Fernando de Henares (€2,453), Móstoles (€2,408), and Fuenlabrada (€2,348).

In Barcelona, the average price per square meter reached €4,346 in the second quarter, representing an annual increase of 10.5% and a 4.1% rise compared to the first quarter. The metropolitan area of Barcelona shows an average price of €2,873/m², with a 6.7% year-on-year increase and a 2.2% quarterly rise. Sant Cugat del Vallès leads with €4,612/m², followed by Sant Just Desvern (€4,036), Esplugues de Llobregat (€3,456), and Sant Joan Despí (€3,006). El Prat de Llobregat (€2,620), Cornellà de Llobregat (€2,572), Cerdanyola del Vallès (€2,547), and L’Hospitalet de Llobregat (€2,525) fall just below €3,000.

Outlook: housing prices will continue to rise

The shortage of housing in large cities such as Barcelona, combined with the constant arrival of new residents, continues to push prices upward—a phenomenon also spreading to peripheral areas. Roberto Rey, president and CEO of Gloval, notes that the gap between available supply and existing demand is unlikely to be resolved in the short or medium term.

This is further reinforced by favorable macroeconomic conditions and the recovery of real estate indicators. According to the report, the granting of mortgage loans for home purchases grew by 23.31% in the second quarter of 2025, and real estate transactions rose by 14.7% year-on-year in the first quarter of the same year