Spain's snap general election on November 29 follows Pedro Sánchez's October 5 dissolution of parliament amid housing protests and legislative setbacks. Recent polling averages and analyst estimates project turnout near 74 percent, above the 70.38 percent recorded in 2023 and the post-1977 average of roughly 72 percent, supported by an expanded electorate including 1.6 million new voters and larger overseas rolls. With the official campaign period beginning only on November 13, trader pricing remains closely balanced across the 66-70 percent bands as parties compete to mobilize bases on issues including housing affordability, immigration, and regional tensions. Late-campaign events, differential turnout efforts, or external factors such as weather could shift final participation levels.