Recent polling averages and seat projections show the center-right PP maintaining a clear lead over PSOE, driven by voter frustration with housing affordability and the collapse of the minority government's parliamentary support. The snap election, called for November 29 after Congress rejected key housing decrees, has accelerated campaign dynamics, with PP emphasizing economic pressures and governance stability while PSOE seeks to consolidate the fragmented left ahead of the vote. Traders price PP as the strong favorite at 82.5% implied probability for the most seats, reflecting consistent survey leads and coalition arithmetic favoring the right, though PSOE holds an 18.5% chance amid ongoing left-wing negotiations. Minor parties remain priced near even due to regional variations and potential seat volatility in Spain's proportional system.