A data comparison, conducted by ImmoScout24 and the Spanish property portal Fotocasa, reveals differentiated developments in the property markets of Spain and Germany. Since 2018, prices in Madrid have seen stronger growth of 62 percent compared to Berlin's 37 percent. The square metre price in the Spanish capital already exceeds that in Berlin.
Similar trends are evident in the island segment: properties on Mallorca are priced at an average of 5,473 EUR per square metre, approximately 20 percent above prices on Usedom, where 4,594 EUR per square metre is recorded. The living area size of the offered properties for sale is striking: Spanish properties average 110 square metres, while German listings average 77 square metres.
Madrid is establishing itself as one of the most dynamic metropolitan areas in the study. Purchase prices for condominiums there have risen by 62 percent since 2018. Over the same period, Berlin recorded a price increase of 37 percent. The average square metre price in Madrid is 6,625 EUR, surpassing the Berlin average of 5,934 EUR. In a comparison of port cities, Hamburg presents itself as the most expensive major city at 6,949 EUR per square metre, with a price increase of 43 percent since 2018. Barcelona, however, saw a more moderate increase in purchase prices of 10 percent to 5,221 EUR per square metre.
In the island markets, data shows that a condominium on Mallorca, at an average of 5,473 EUR per square metre, is approximately 20 percent more expensive than a comparable property on Usedom. Purchase prices on Mallorca increased by 60 percent between 2018 and 2025. Ibiza stands out with 7,554 EUR per square metre as the island with the highest price level of all regions studied. Dr. Gesa Crockford, Managing Director of ImmoScout24, comments that the image of Spain as an affordable property market no longer corresponds to reality in many regions, as price increases of 60 percent and more surpass the dynamics of German markets, such as Berlin.
The examined condominiums in Spain, with an average living area of 110 square metres, are significantly larger than those in the comparable German markets, which stand at 77 square metres. This represents a difference of approximately 43 percent. In parallel, Eurostat data confirms that Spain continues to gain attractiveness as a place of residence for German citizens. In 2025, around 132,000 Germans had their main residence in Spain, an increase of 9.5 percent compared to 2018. A significant proportion of this group, over a third (35.8 percent), is aged 60 or older.
