House prices in Palencia province

At the average appraised value, a 90 m² home costs €101,484. With 10% down and a 30-year mortgage, the payment is €387 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

22.8% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Buyers living abroad bought 0.8% of the homes sold here in the four quarters to Q2 2026.

Appraised values have fallen by 3% or more once since 2012. That fall began in Q4 2012.

In 2024 the population grew by 638 while 316 homes were finished: 2.0 new residents for every new home.

15.3% of the 116,431 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Public bodies signed €3.2M of housing works here in 2025, and €11.6M since 2017.