The Spanish real estate market starts 2026 with a slight slowdown. According to INE data, 178,473 transactions were closed between January and March, 2.5% less than in the same period in 2025. The decline hits new construction harder, which falls by 5.2%, while the second-hand market holds up with a 1.7% drop. A sign that the sector is cooling without collapsing.
Brick goes digital to weather the storm 🏗️
Faced with the drop in transactions, real estate agencies are betting on technology to keep up the pace. The use of virtual tours with 3D modeling grew by 18% compared to 2025, according to industry data. Automated valuation platforms and digital contracts with electronic signatures are already standard in 45% of agencies. However, artificial intelligence for filtering solvent buyers remains a pending subject for many SMEs in the sector.
Prices haven't noticed that sales are falling 💸
While sales drop, prices follow their own script. It seems sellers didn't get the INE memo and are maintaining 2025 figures, as if the market were a broken thermostat. Some apartments have been on the market longer than a Netflix series on pause, but their owners prefer to wait for that buyer with a suitcase full of cash to show up. Patience, they say, is the mother of science... and of real estate.