Recent polling averages place the Partido Popular (PP) well ahead of the PSOE by roughly seven to eight points in voting intention ahead of the November 29 snap election called by Prime Minister Pedro Sánchez on October 5. The move followed parliamentary defeats on housing measures amid widespread protests over rents and evictions, yet surveys indicate the PP remains positioned to secure the largest share of seats while the PSOE bloc trails. Seat projections from multiple pollsters show a PP-Vox combination exceeding the 176-seat majority threshold in most simulations, reflecting sustained right-leaning momentum since the 2023 contest. Traders assign the PP an overwhelming implied probability as the leading outcome, consistent with these trends and the limited time remaining for major shifts before voting.