Spain’s snap general election on 29 November 2026 follows Prime Minister Pedro Sánchez’s October 5 dissolution of parliament after two housing decrees failed in Congress amid nationwide protests over affordability and evictions. Recent polling averages show the center-right Partido Popular (PP) leading with roughly 32 percent support and projections of 130–140 seats, ahead of the PSOE at 26 percent and around 100 seats, with Vox near 18 percent. This positioning makes a PP-led government the clear frontrunner in trader assessments, as the center-right and far-right parties together exceed the 176-seat majority threshold in nearly all simulations. The left remains fragmented between PSOE, Sumar, and Podemos, limiting coalition options, while the short campaign timeline and focus on housing offer the incumbent PSOE its main path to close the gap.