**PP leads Spanish polling averages by roughly six points ahead of the November 29 snap election, giving it the clearest path to the largest seat total and government formation.** Recent surveys from Sigma Dos, Target Point, GAD3, and others place PP near 32 percent, PSOE near 26 percent, and Vox near 19 percent, producing consistent projections of a PP-Vox majority well above the 176-seat threshold. The October 5 dissolution followed parliamentary defeats on housing measures that fractured the PSOE-led coalition’s support. PSOE has shown modest recent gains on the left but remains far behind the right-wing bloc in every national poll. With the campaign set to begin in mid-November and no major reversals recorded in the past week, trader pricing reflects the sustained polling gap and the structural advantages of the leading party in Spain’s proportional system.