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The figures side by side

MeasureGalicia
Price per m²—
Change in a year—
Change in five years—
Affordability
Payment, two incomes17%
Payment, one income34%
New homes
Licensed, 12 months5,965
Per 1,000 residents2.2
Foreign buyers
Bought by buyers abroad, 12 months1.7%
Past cycles
Deepest fall−25.7%
Recovery from the low138 months
People and new homes
New residents per new home, 20244.7
Population change, 2024+10,926
Empty homes
Empty, 2021 census28.8%
Empty homes506,351
Renovation
Homes in existing buildings, 202522%
Public housing works
Signed in 2025€98.6M
Per resident, 2025€36

Each place's own figures where it has them; a dash means there is none. Prices are asking prices where a place has them, and bank valuations otherwise.

Every report

Affordability

  • Galicia

    Figures for Spain: Galicia has no reliable figures of its own.

    At the average appraised value, a 90 m² home costs €149,112. With 10% down and a 30-year mortgage, the payment is €569 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

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New homes

  • Galicia

    62.0% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

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Foreign buyers

  • Galicia

    Buyers living abroad bought 1.7% of the homes sold here in the four quarters to Q2 2026.

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Past cycles

  • Galicia

    Appraised values have fallen by 3% or more 2 times since 1995. The deepest began in Q1 2008.

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People and new homes

  • Galicia

    In 2024 the population grew by 10,926 while 2,341 homes were finished: 4.7 new residents for every new home.

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Empty homes

  • Galicia

    28.8% of the 1,757,739 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

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Renovation

  • Galicia

    In 2025, 22% of the homes authorised were in existing buildings: conversions, extensions and changes of use.

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Public housing works

  • Galicia

    Public bodies signed €98.6M of housing works here in 2025, and €187.3M since 2017.

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