A fortnight ago, we released a concise update regarding the remarkable performance of the US residential real estate market. We shift our attention to Spain, where the sector is also displaying encouraging advancements. To shed light on this matter, we have produced a chartbook that illustrates this phenomenon. It encompasses the latest published data within the industry and presents our outlook on its future evolution. Our analysis centres on transactional activities, pricing dynamics, and key drivers, such as interest rates, spanning across 2023 and subsequent years.