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The 1947-48 Segunda División season saw 14 teams participate in the second flight Spanish league. Valladolid and Deportivo were promoted to the Primera División. Mallorca and Córdoba were relegated to the Tercera División.
[edit] Final table
| Position |
Club |
Played |
Points |
Wins |
Draws |
Losses |
Goals for |
Goals against |
Goal Difference |
| 1 |
Valladolid |
26 |
36 |
15 |
6 |
5 |
60 |
43 |
+17 |
| 2 |
Deportivo |
26 |
33 |
15 |
3 |
8 |
67 |
29 |
+38 |
| 3 |
Racing Ferrol |
26 |
28 |
13 |
2 |
11 |
67 |
45 |
+22 |
| 4 |
Málaga |
26 |
28 |
13 |
2 |
11 |
65 |
52 |
+13 |
| 5 |
Levante |
26 |
27 |
11 |
5 |
10 |
63 |
53 |
+10 |
| 6 |
Hércules |
26 |
26 |
12 |
2 |
12 |
68 |
63 |
+5 |
| 7 |
Granada |
26 |
24 |
10 |
4 |
12 |
48 |
57 |
-9 |
| 8 |
Mestalla |
26 |
24 |
10 |
4 |
12 |
59 |
65 |
-6 |
| 9 |
Barakaldo |
26 |
24 |
12 |
0 |
14 |
52 |
69 |
-17 |
| 10 |
Badalona |
26 |
24 |
10 |
4 |
12 |
63 |
76 |
-13 |
| 11 |
Murcia |
26 |
23 |
9 |
5 |
12 |
45 |
59 |
-14 |
| 12 |
Castellón |
26 |
23 |
10 |
3 |
13 |
48 |
60 |
-12 |
| 13 |
Mallorca |
26 |
22 |
9 |
4 |
13 |
45 |
66 |
-21 |
| 14 |
Córdoba |
26 |
22 |
9 |
4 |
13 |
42 |
55 |
-13 |