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.

The average square meter price of new residential real estate in Spain was the highest in Catalonia and the Community of Madrid in 2024. In the second quarter of the year, both regions boasted home prices of over 4,000 euros per square meter. That was substantially higher than the average for the country, which amounted to 2,930 euros per square meter. Overall, house prices in Spain have been on the rise since 2016.

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.

Graph and download economic data for Real Residential Property Prices for Spain (QESR628BIS) from Q1 1971 to Q1 2025 about Spain, residential, HPI, housing, real, 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.

Residential Property Prices in Spain increased 12.29 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Spain Residential Property Prices.

The average square meter price of residential real estate in the Balearic Islands was higher than in any other region in Spain in October 2023. At over ***** euros per square meter, house prices in the Balearic Islands were about twice higher than the national average. In Spain, the majority of households live in an owner-occupied home.

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.

Real residential property prices Y-on-Y, percent change in Spain, March, 2025 The most recent value is 9.31 percent as of Q1 2025, an increase compared to the previous value of 8.8 percent. Historically, the average for Spain from Q1 1990 to Q1 2025 is 1.84 percent. The minimum of -18.36 percent was recorded in Q3 2012, while the maximum of 15.84 percent was reached in Q1 2004. | TheGlobalEconomy.com

Some of the ** districts of Spain’s capital city are well far off the ***** 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 ***** 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 *** 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 *** 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 ***** house price index points in 2021 from a lowest point of ***** 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.

Spain: Property rights index (0-100): The latest value from 2024 is 87 points, unchanged from 87 points in 2023. In comparison, the world average is 54 points, based on data from 180 countries. Historically, the average for Spain from 1995 to 2024 is 72 points. The minimum value, 70 points, was reached in 1995 while the maximum of 88 points was recorded in 2022.

Spain - Gross value added: Real estate activities was EUR45296.00 Million in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Gross value added: Real estate activities - last updated from the EUROSTAT on August of 2025. Historically, Spain - Gross value added: Real estate activities reached a record high of EUR45296.00 Million in June of 2025 and a record low of EUR31178.00 Million in June of 2020.

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

Spain: Property crimes per 100,000 people: The latest value from is crimes per 100,000 people, unavailable from crimes per 100,000 people in . In comparison, the world average is 0.00 crimes per 100,000 people, based on data from countries. Historically, the average for Spain from to is crimes per 100,000 people. The minimum value, crimes per 100,000 people, was reached in while the maximum of crimes per 100,000 people was recorded in .

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index 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. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Real residential property prices Y-on-Y, percent change in Espagne, décembre, 2024 Pour cet indicateur, Bank for International Settlements (BIS) fournit des données pour la Espagne de Q1 1990 à Q4 2024. La valeur moyenne pour Espagne pendant cette période était de 1.78 pour cent avec un minimum de -18.36 pour cent en Q3 2012 et un maximum de 15.84 pour cent en Q1 2004. | TheGlobalEconomy.com

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

The Balearic Islands, Catalonia, and the Community of Madrid were the most expensive Spanish regions for residential real estate rents in ************. The average monthly rent per square meter in these regions was **** euros. On the other end of the scale stood regions such as Extremadura and Castile-La Mancha which had the most affordable rental housing. In Spain, the majority of households live in an owner-occupied home. Nevertheless, rental rates have grown substantially since 2013, showing that the market is growing.