Housing Index in Spain increased to 2033 EUR/SQ. METRE in the first quarter of 2025 from 1972.10 EUR/SQ. METRE in the fourth 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.

Graph and download economic data for Residential Property Prices for Spain (QESN628BIS) from Q1 1971 to Q4 2024 about Spain, residential, HPI, housing, price index, indexes, and price.

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.

Spain - House price index was 12.30% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - House price index - last updated from the EUROSTAT on July of 2025. Historically, Spain - House price index reached a record high of 14.60% in December of 2006 and a record low of -16.10% in September of 2012.

House Price Index YoY in Spain increased to 12.30 percent in the first quarter of 2025 from 11.40 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Spain House Price Index YoY.

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.

Key information about House Prices Growth

• Spain house prices grew 7.7% YoY in Feb 2025, following an increase of 6.6% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 2002 to Feb 2025, with an average growth rate of 3.6%.
• House price data reached an all-time high of 21.0% in Sep 2004 and a record low of -11.7% in Apr 2013.

The house price index (HPI) in Spain has increased steadily since 2013, reaching a 10-year record value in 2023. In that year, the HPI reached a value of 167.33 index points for newly built and 144.19 index points for existing homes, meaning that house prices for new construction have risen faster than for existing homes. An index value of 160 suggests that house prices have risen by 60 percent since 2015 - the base year of the index. 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.

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.

ES: House Price Index: Nominal: sa data was reported at 161.768 2015=100 in Sep 2024. This records an increase from the previous number of 158.097 2015=100 for Jun 2024. ES: House Price Index: Nominal: sa data is updated quarterly, averaging 47.834 2015=100 from Mar 1971 (Median) to Sep 2024, with 215 observations. The data reached an all-time high of 161.768 2015=100 in Sep 2024 and a record low of 1.828 2015=100 in Dec 1971. ES: House Price Index: Nominal: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Whole country; Seasonnally adjusted by OECD, using the X-12 ARIMA method; Residential property prices, sales of newly-built and existing dwellings, all types of dwellings The source for recent figures (from 2005Q4) is same as the OECD Residential Property Price Indices (RPPIs) - Headline indicators database. For the period 1987Q1-2005Q3, the used indicator is 'Residential property prices, all dwellings, per m2, NSA' from Bank of Spain. For the period 1975Q1-1986Q4, the used indicator is 'House prices in the capital city area' from Banco Hipotecario; Previously, this is OECD estimations. Sales

Key information about Spain Gold Production

• Spain Real Residential Property Price Index was reported at 92.085 2010=100 in Sep 2024.
• This records an increase from the previous number of 89.271 2010=100 for Jun 2024.
• Spain Real Residential Property Price Index data is updated quarterly, averaging 57.953 2010=100 from Mar 1971 to Sep 2024, with 215 observations.
• The data reached an all-time high of 118.686 2010=100 in Sep 2007 and a record low of 26.502 2010=100 in Sep 1982.
• Spain Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

House price index in Spain, December, 2024 The most recent value is 123.42 index points as of Q4 2024, an increase compared to the previous value of 121.23 index points. Historically, the average for Spain from Q1 1990 to Q4 2024 is 72.16 index points. The minimum of 29.22 index points was recorded in Q1 1990, while the maximum of 123.42 index points was reached in Q4 2024. | TheGlobalEconomy.com

Navarra, Ceuta, and the Canary Islands were the Spanish regions where house prices grew the most between in 2023. 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 house price index for the Canary Islands rose by 5.3 index points for all homes, compared to 3.5 index points in the Basque Country. Catalonia, the Balearic Islands and Madrid were the Spanish regions where prices of both new and existing housing have risen the most since 2015.

The house price index (HPI) for new and existing homes in Andalusia, Spain, has increased steadily since 2013, reaching a 10-year record value in 2023. In that year, the HPI reached a value of ****** index points for newly built and ****** index points for existing homes, meaning that house prices for new construction have risen faster than for existing homes. These figures were around the average for the country. An index value of *** suggests that house prices have risen by ** percent since 2015 - the base year of the index.

Spain Housing Price Index: Protected Housing data was reported at 123.526 Mar2005=100 in Sep 2018. This records a decrease from the previous number of 123.822 Mar2005=100 for Jun 2018. Spain Housing Price Index: Protected Housing data is updated quarterly, averaging 121.872 Mar2005=100 from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 127.646 Mar2005=100 in Mar 2011 and a record low of 93.305 Mar2005=100 in Mar 2004. Spain Housing Price Index: Protected Housing data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.EB008: Housing Price Index: Mar2005=100: by Region and Province.

The house price index (HPI) for new and existing homes in Asturias, Spain, has increased steadily since 2013, reaching a 10-year record value in 2023. In that year, the HPI reached a value of ****** index points for newly built and ****** index points for existing homes, meaning that house prices for new construction have risen faster than for existing homes. These figures were lower than the average for the country. An index value of *** suggests that house prices have risen by ** percent since 2015 - the base year of the index.

Spain House Price Index: Balearic Islands and Canary Islands data was reported at 1,563.000 2001=1000 in Apr 2020. This records a decrease from the previous number of 1,667.000 2001=1000 for Mar 2020. Spain House Price Index: Balearic Islands and Canary Islands data is updated monthly, averaging 1,432.613 2001=1000 from Jan 2001 (Median) to Apr 2020, with 232 observations. The data reached an all-time high of 1,897.789 2001=1000 in Sep 2007 and a record low of 910.573 2001=1000 in Jan 2001. Spain House Price Index: Balearic Islands and Canary Islands data remains active status in CEIC and is reported by Tinsa. The data is categorized under Global Database’s Spain – Table ES.EB004: House Price Index: Tinsa: 2001=1000.

Spain - House price index (2015 = 100) was 12.30 % year-on-year in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - House price index (2015 = 100) - last updated from the EUROSTAT on July of 2025. Historically, Spain - House price index (2015 = 100) reached a record high of 12.30 % year-on-year in March of 2025 and a record low of 0.90 % year-on-year in March of 2021.

The house price index (HPI) for new and existing homes in Catalonia, Spain, has increased steadily since 2013, reaching a 10-year record value in 2023. In that year, the HPI reached a value of ***** index points for newly built and ****** index points for existing homes, meaning that house prices for new construction have risen faster than for existing homes. These figures were higher than the average for the country. An index value of *** suggests that house prices have risen by ** percent since 2015 - the base year of the index.

The house price index (HPI) for new and existing homes in Murcia, Spain, has increased steadily since 2013, reaching a 10-year record value in 2023. In that year, the HPI reached a value of ****** index points for newly built and ***** index points for existing homes, meaning that house prices for new construction have risen faster than for existing homes. These figures were slightly lower than the average for the country. An index value of *** suggests that house prices have risen by ** percent since 2015 - the base year of the index.