The average price per square meter of houses in the district of Sarrià-Sant Gervasi, Barcelona, amounted to approximately 5,498 euros in December 2023. During the same time period the value of the square meter in L'Eixample also exceeded 5,000 euros.

House prices in Spain have risen year-on-year since 2013. The house price index measures the development of house prices, with 2015 chosen as a base year when the index value was set to 100. In 2023, the index stood at 147.28 index points, meaning that since 2015, prices have risen by almost 42 percent. Overall, newly built homes saw appreciated faster than existing homes. Catalonia, the Balearic Islands and Madrid were the Spanish regions where prices of both new and existing housing have risen the most in recent years.

House prices in Spain have risen year-on-year since 2014. The house price index measures the development of house prices, with 2015 chosen as a base year when the index value was 100. Between 2021 and 2023, the house price index in Spain rose by eight percent for new housing and 3.2 percent for existing housing. Overall, newly built housing has appreciated more than existing homes.

The Report Covers Residential Real Estate Market in Spain and is Segmented by Type (Villas and Landed Houses, Apartments, and Condominiums) and Key Cities (Madrid, Catalonia, Valencia, Barcelona, and Malanga, Among Others). The Report Offers Market Sizes and Forecasts in Value (USD Billion) for all the Above Segments.

After a long period of steady increase in real estate prices in Spain, the market was hit by the global financial crisis of 2007, resulting in the burst of the Spanish property bubble. House prices have since picked up and in 2023, the average square meter price reached 2,809 euros - just slightly below 2008 levels. Though prices have risen across the whole country, some regions, such as the Balearic Islands, Catalonia, Madrid, and Andalusia, experienced faster growth than others. Additionally, the gap between newly built and existing home prices has widened. Spain’s real estate market behind others The property market has made great progress, but it is still far off the rest of its European counterparts, and it is positioned, in fact, at the bottom of the European list of the EMF’s house price index, which is led by Czechia and Portugal. Supply is a major factor influencing the price development. Many European countries suffer housing shortages due to sluggish construction activity, and Spain is no exception. In 2022, ranked among the countries with the lowest number of residential construction starts per 1,000 citizens in Europe. Buying vs renting As happens with many other countries, the affordability of buying a home and renting will differ considerably dependent on the area. In 2022, the average Spanish citizen needed between five and 18 years to purchase an average priced property in their region with their full salary, with Murcia and La Rioja being the most affordable regions. The house price to rent index shows that house price growth has been much faster than rental growth. That is good news for homeowners whose homes appreciate over time, but an issue for renters who are yet to purchase a property.

Housing Index in Spain increased to 1972.10 EUR/SQ. METRE in the fourth quarter of 2024 from 1921 EUR/SQ. METRE in the third quarter of 2024. This dataset provides the latest reported value for - Spain House Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Spain Office Real Estate Market Report is Segmented by Key Cities (Madrid, Barcelona, Valencia, Seville, and Other Cities). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The Spain commercial real estate market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is fueled by several key drivers. Strong tourism in major cities like Madrid, Barcelona, and Valencia consistently boosts demand for hospitality and retail properties. Furthermore, a growing population and increasing urbanization are driving demand for residential and office spaces, particularly in multi-family developments. The logistics sector is also experiencing significant growth, driven by e-commerce expansion and improving infrastructure. While the market faces some constraints, such as potential interest rate fluctuations and construction material price increases, these are being mitigated by strong investor confidence and continued government support for infrastructure projects. Key players like Merlin Properties, Kronos Investment Group, and others are actively shaping the market through large-scale developments and strategic acquisitions. Segmentation analysis indicates a balanced portfolio of investment across office, retail, industrial, logistics, multi-family, and hospitality sectors, with Madrid, Barcelona, Valencia, and Catalonia leading the regional market share. The market's resilience is evidenced by the consistent performance during recent economic fluctuations, indicating a relatively stable investment opportunity despite inherent market risks. The ongoing expansion in the Spanish economy, particularly in key sectors like tourism and technology, contributes significantly to the commercial real estate market's optimistic outlook. The diversification across asset classes minimizes risk exposure and provides opportunities for investors with varied portfolios. While specific market size figures require further data, considering a CAGR above 5% and a current sizeable market, reasonable estimation suggests significant growth in the coming years. The presence of established and emerging players indicates a healthy and competitive market environment with opportunities for both large-scale and niche players. Continued monitoring of macroeconomic factors and regional specific dynamics remains crucial for forecasting accurate market trends. The long-term projections suggest a promising future for the Spanish commercial real estate industry, particularly for those with diversified investment strategies that capture the various segments and locations presented above. This comprehensive report provides an in-depth analysis of the Spain commercial real estate market, covering the period from 2019 to 2033. With a focus on key cities like Madrid, Barcelona, Valencia, and Catalonia, this report is essential for investors, developers, and industry professionals seeking to understand the dynamics of this dynamic market. We delve into market size and segmentation, identifying key trends, growth drivers, and challenges. Our detailed forecast, based on the Base Year 2025 and Estimated Year 2025, provides valuable insights for strategic decision-making, extending to the Forecast Period 2025-2033 and utilizing data from the Historical Period 2019-2024. Recent developments include: December 2022: GAena, the Spanish public company in charge of general aviation airports in Spain, announced today a call for tenders for 86 duty-free shops, all of which are indivisible, at 27 airports in its network. The bidding documents include six lots in total, which is twice the number of lots available in the previous tender. According to a press release issued by Aena, the tender will double the number of lots to increase and favor competition among global operators. The total commercial space available will exceed 66.000 square meters, allowing for the development of economies of scale., June 2022: Allianz Real Estate, acting on behalf of several Allianz group companies, paid EUR 185 million (USD 196.95 million) for a portfolio of nine prime residential buildings in Madrid's Chamartn district. The transaction consolidates Allianz Real Estate's ownership of the larger block and expands its exposure to the highly attractive Spanish PRS sector, particularly in Madrid. It is located next to Castellana 200, a mixed-use office and retail asset already owned by Allianz Real Estate. The nine assets include 245 residential units as well as additional retail space.. Key drivers for this market are: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Potential restraints include: Shortage of Skilled Labor, Fluctuating Construction Materials Costs. Notable trends are: Increasing demand for logistics property driving the market.

Barcelona was the most expensive city to buy residential real estate in the Spanish autonomous community of Catalonia in October 2023. The square meter price of residential properties in Barcelona stood at 4,150 euros in that month, which was substantially higher than the average for the country or the region. Homeownership is important in Spain, with the majority of households living in an owner-occupied home.

The Spain Commercial Real Estate Market is segmented by Type (Offices, Retail, Industrial, Logistics, Multi-family, and Hospitality) and Key Cities (Madrid, Valencia, Barcelona, Catalonia, Malaga, and Other Cities). The report offers market size and forecasts for the Spain Commercial Real Estate Market in value (USD Billion) for all the above segments.

The house price to income ratio index in Spain increased by about 15 index points between 2015 and the second quarter of 2024. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Spain's index score in the second quarter of 2024 amounted to 115.5, which means that house price growth has outpaced income growth by more than 15 percent since 2015. This was slightly higher than the Euro area 17 average.

Investment volume in the commercial property market in Barcelona, Spain, doubles between 2018 and 2019, reaching 2402 million euros at the end of 2019. It can be seen that between the period of 2017 and 2018 the investment volume fell by over 800 million euros.

The office prime rent in Barcelona, Spain increased from 210 euros per square meter per year in 2013 to 348 euros per square year in 2024, the highest rent during the observed period. Across key European office markets, Barcelona ranked alongside Warsaw and Prague in terms of rents and alongside Paris and Bucharest in terms of vacancy rates.

House prices in Spain have grown year-on-year since 2016 and 2023, increasing by almost 500 euros per square meter. In October 2023, the average house price per square meter reached 2,016 euros - almost as high as in 2007 before the global financial crisis hit and the market plummeted.

Price to Rent Ratio in Spain increased to 145.43 in the third quarter of 2024 from 142.93 in the second quarter of 2024. This dataset includes a chart with historical data for Spain Price to Rent Ratio.

Barcelona, Madrid, and Donostia - San Sebastian were some of the most expensive cities to rent a house in Spain in February 2025. Barcelona, which is the capital of Catalonia, led the list with an average price of 23.7 euros per square meter. Madrid followed closely in the second position with an average square meter of rental residential property cost of 21.2 euros.

The rental cost for prime industrial and logistics real estate in Barcelona, Spain, was the highest in the first ring of the city in 2023. The monthly rent in the first ring amounted to eight euros per square meter. Rents in the third ring of the city were most affordable, with a prime rent of about 3.75 euros per square meter less.

How much more expensive are houses in European capital cities than in the rest of the country? Of all the capital cities in Europe, prices in Paris had the highest disproportion to the national average in 2023. A new house in the French capital cost more than three times the price of a house outside the city. This was followed by Barcelona, Munich and Athens.

Some of the 21 districts of Spain’s capital city are well far off the 2,800 euros per square meter that Spaniards had to pay on average to purchase a home in 2023. The Spanish capital is home to some of the wealthiest districts of Spain, such as the historic Salamanca district, which topped the list at almost 7,000 euros per square meter. Rents in SpainWhilst Madrid’s districts had the highest prices for residential real estate, the Spanish capital was not the most expensive place to rent. Ibiza topped the list of the least affordable properties to rent, with households hypothetically requiring over 162 percent of their full income to pay off the rent. Located in the Andalusian province of Malaga, Marbella ranked second on the list, with over 156 percent of the full household income. Spain: the rebirth of a property marketAfter a long period of time in which Spain’s real estate prices increased sharply, the market was hit by the global financial crisis of 2007, making the Spanish property bubble collapse and damaging home value. It can be seen that real estate prices in Spain initiated a solid recovery in 2015, reaching 131.9 house price index points in 2021 from a lowest point of 96.27 index points recorded in 2013. The property market has made great progress, but it is still far off the rest of its European counterparts, and it is positioned, in fact, at the bottom of the European list of the EMF’s house price index, which is led by Czechia.

Les Corts and Sarrià - Sant Gervasi were the less profitable districts in Barcelona to purchase a house to rent it out, in both districts the rate of return of investment in rental housing stood around four percent. On the other hand, in Nou Barris, the Catalan capital's most rewarding district for said investment, the rate of return was 2.5 percentage points higher.