Buying a home in the Valencian Community was markedly more expensive in August than a year earlier, even as far fewer deals were completed. The average price recorded in sale deeds reached €1,958 per square metre, up 18.2%, while the number of transactions fell 14%. The two figures point to a slower market that has yet to become more affordable for buyers.
The figures come from the General Council of Spanish Notaries and cover deeds completed during August. They therefore reflect actual transaction prices rather than asking prices on property websites. Across Spain, the average price per square metre rose 12.8% year on year and sales fell 9.8%.
The Valencian Community performed worse than the national average on both measures: its price increase was 5.4 percentage points higher, while the fall in sales was 4.2 points steeper. Only Navarre, the Balearic Islands and Aragon recorded larger declines in transactions, according to the regional breakdown.
Flats account for the sharpest increase
The change was not uniform across property types. Flats sold in the region averaged €2,361 per square metre, 17.6% more than in August 2025. Detached and semi-detached homes averaged €1,408 per square metre, an increase of 6.5%.
The statistics do not mean that every home gained value at those rates. Monthly averages also depend on the location, size and condition of the properties that happen to be sold. August generally records fewer transactions than other parts of the year. Even with those caveats, the year-on-year rise is consistent with other recent indicators showing sustained pressure on prices.
The drop in sales was not matched by an equally large fall in mortgages. The number of new home-purchase loans signed in the Valencian Community declined by 2.3%, the smallest decrease among the regions that ended the month in negative territory. Across Spain, mortgage numbers fell 5.6%, while the average loan amount rose 1.3% to €164,978.
Fewer sales do not mean more affordable homes
The contrast matters for both buyers and policymakers: transaction volumes are weakening before prices do. Fewer deeds may reflect financing constraints, a shortage of suitable supply or purchasing decisions being postponed, but the notarial report does not attribute the decline to a single cause.
À Punt, reporting on the same release, noted that the Valencian Community recorded the fourth-largest price rise among Spain’s regions. Valencia Plaza also highlighted that sales have been losing momentum for several months while the price per square metre continues to climb.
September’s figures will provide the next like-for-like comparison. They should show whether the split between fewer sales and higher prices continued beyond August, or whether part of the movement reflected the particular mix of homes sold during the summer month.