Valencia housing prices hit record high as costs surge 15.5%

The real estate market in Valencia has risen considerably in just three months; according to data released by real estate rental and purchasing website Idealista, the average cost of housing in Valencia reached €3,340 per square metre in February 2026, and the numbers are projected to continue climbing.

All-time highs for prices in Valencia

This figure, which marks an all-time high in the city, represents a rise of 1.2 per cent compared to January 2026, and a year-on-year growth of 15.5 per cent. It spikes 25 per cent above the national average, which stands at €2,673 per square metre in February 2026. Valencia’s harrowing figure reflects a strong demand for housing in the city, only intensified by “touristflation,” the spiking cost of living due to overtourism and abundance of tourist accommodations.

The largest annual price increase in Valencia has been recorded in Patraix, with an increase of 23.8 per cent. Homeowners in Patraix are also reportedly asking for €1,100 per month from renters. Likewise, the Pla del Real now exceeds €4,500 per square metre after rising more than 22 per cent in just one year. Poblats Marítims has also gained prominence with an annual increase of 20.4 per cent. Other Valencian districts that have reached record high prices include Benicalap, Quatre Carreres and L’Olivereta.

On a national scale, prices also maintain an upward trend of 0.9 per cent monthly, 2.6 per cent quarterly, and 17.7 per cent year-on-year.

According to Idealista, the most expensive districts to buy a house in Valencia are:

• L’Eixample, at €4,978 per square metre
• Ciutat Vella, at €4,736 per square metre
• Pla del Real, at €4,536 per square metre
• Extramurs, at €3,622 per square metre

On the other hand, the cheapest districts to buy a house in Valencia are:

• Rascanya, at €2,312 per square metre
• L’Olivereta, at €2,540 per square metre
• Benicalap, at €2,614 per square metre
• Jesús, at €2,754 per square metre

These spiking prices are partially driven by the housing shortage. Valencia is estimated to have a shortage of about 30,000 homes, due to intense population growth.

Valencia scrambles to tackle ‘touristflation’

Additionally, the “touristflation” phenomenon has been a major driver in the spiking prices of not only land, but of the cost of living as a whole for residents in Valencia. Valencian officials have approved a new plan to bite back at the so-called “touristflation,” with new regulations that state that the number of holiday homes and tourist flats in the city cannot exceed 2 per cent of the total housing in each of the city’s neighbourhoods and districts.

The plan aims to make housing more accessible in the city, but critics of the move are skeptical that it will help with existing illegal flats in the city.