Key information about House Prices Growth

• Spain house prices grew 12.3% YoY in Sep 2025, following an increase of 11.9% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 2002 to Sep 2025, with an average growth rate of -10.5%.
• House price data reached an all-time high of 21.0% in Sep 2004 and a record low of -11.7% in Apr 2013.

Prices & Characteristics of Spanish Homes

Uncovering Market Trends in Spain

By [source]

About this dataset

This dataset provides a wealth of information about the current Spanish housing market for potential buyers. This comprehensive data set includes research-level information about region, number of rooms, size, price, photos and more for different available properties across the country. This data can help researchers understand the wide pricing range and characteristics associated with these homes in great detail. For example, it allows us to uncover average price per square meter as well as differences in prices between larger and smaller locations. Further exploration also reveals correlations between price and surface area as well as number of rooms and pricing models - all immensely helpful to those wishing to purchase or rent properties in Spain! By further investigating this rich set of information provided by this dataset, prospective property buyers can be more informed when making decisions regarding their next home or investment opportunities within the Spanish housing market

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How to use the dataset

Welcome to the Prices and Characteristics of Spanish Houses for Sale dataset! This data set contains comprehensive information about Spanish houses for sale, including location, price, size, and number of rooms. Here’s a guide to help you get started.

• Explore the columns included in this dataset: the summary column provides an overview of the property while description provides more in-depth details. The location column offers geographical details about each house; photo displays a picture of each property; recomendado indicates whether or not it has been recommended; price gives you an idea of how much each house costs; size determines how large or small it is; rooms tells you how many bedrooms it has to offer; price/m2 states the Square Meter Price for each home; bathrooms lets you know how many bathrooms it has on the premises; Num Photos shows you the exact number of images available for that home and type directs which type it is (apartment); region helps pinpoint exactly where these homes are located.

• Analyze relationships between variables: use this dataset to uncover interesting correlations between pricing and other characteristics such as size and number of rooms, or between prices in different regions within Spain. You can also gain insight into average pricing by square meter across various locations - this data might be useful if you're looking at making a real estate investment decision based on market trends around Spain's housing sector!

• Research current market trends: review historical data points from within this dataset with regards to pricing changes over time, as well as differences in supply/demand dynamics across distinct locations within Spain's housing market - all these insights can be used when deciding whether or not now would be an ideal time to purchase property in certain areas!
  Overall, we hope that with this information at hand your research into Spain's current housing market will provide useful results and lend insight that may assist your purchase decision process when considering buying S[anish homes!

Research Ideas

• Comparing the average Spanish house price in different regions to determine if prices are more expensive in certain regions.
• Examining the correlation between size and number of rooms to understand which properties would be a better investment given their size.
• Analyzing the relationship between number of photos uploaded for a property and its price, to determine if there is any correlation between them or not

Acknowledgements

If you use this dataset in your research, please credit the original authors. Data Source

License

License: CC0 1.0 Universal (CC0 1.0) - Public Domain Dedication No Copyright - You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission. See Other Information.

Columns

File: pisos.csv | Column name | Description | |:----------------|:------------------------------------------------------------| | summary | A brief description of the property. (Text) | | location | The geographical area or postcode of the property. (Text) | | photo...

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 2094 EUR/SQ. METRE in the second quarter of 2025 from 2033 EUR/SQ. METRE in the first quarter of 2025. 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 Spain Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Business Model (Sales and Rental), Mode of Sale (Primary and Secondary) and Key Cities (Madrid, Barcelona, Catalonia, Valencia Community, Andalusia – Malaga & Costa Del Sol and Rest of Spain). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Real Residential Property Prices for Spain (QESR628BIS) from Q1 1971 to Q2 2025 about Spain, residential, HPI, housing, real, price index, indexes, and price.

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 Spanish residential real estate market, valued at €166.01 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 6.90% from 2025 to 2033. This growth is fueled by several key drivers. Increased tourism and immigration are boosting demand, particularly in major cities like Madrid, Barcelona, and Valencia. A growing younger population and a shift towards urban living further contribute to the market's dynamism. Government initiatives aimed at improving housing affordability and infrastructure development also play a significant role. However, challenges remain. Rising construction costs and limited land availability in prime locations could constrain supply. Furthermore, fluctuations in mortgage interest rates and broader economic uncertainty pose potential risks to market stability. The market is segmented by property type (apartments and condominiums, villas and landed houses) and key cities. Major players like MetroVacesa, Neinor Homes, AEDAS Homes, and Via Celere are shaping the competitive landscape, demonstrating both the consolidation and dynamism within the sector. The forecast for the Spanish residential real estate sector indicates continued growth, albeit potentially at a moderated pace in the later years of the forecast period. While the strong growth drivers are expected to remain, the influence of external factors like global economic conditions and potential regulatory changes should be considered. The segmentation analysis highlights the differing dynamics across property types and geographic locations. Areas like Madrid and Barcelona, with their strong economies and established infrastructure, are likely to continue attracting significant investment and showing higher growth rates compared to other regions. Analyzing these trends allows for a deeper understanding of investment opportunities and potential risks within specific segments of the market. Continuous monitoring of economic indicators, government policies, and consumer preferences is crucial for navigating this evolving landscape. Recent developments include: October 2022: A build-to-rent (BTR) cooperation between Layetana Living and Aviva Investors was established in Spain. According to the statement, the collaboration between Aviva and the Spanish developer Layetana will construct a more than EUR 500 million (USD 531.20 Million) residential portfolio, already securing its first development project. Based on the recommendation of international real estate consultancy Knight Frank, the partnership purchased a 71-unit residential building in Barcelona's Sants neighborhood. Construction is scheduled to begin at the end of 2023., September 2022: Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, expanded its services in the Valencian Community. It is now running with Maryana Kim directing a new office in Denia, in the northern section of the Costa Blanca. It is the fourth facility that Berkshire Hathaway HomeServices Spain opened in 2022.. Notable trends are: Rise in International Property Buyers in Spain.

Discover the booming Spain residential real estate market! With a €166.01 million market size in 2025 and a 6.90% CAGR, learn about key drivers, trends, and challenges shaping this dynamic sector. Explore data from leading developers like Acciona Inmobiliaria and Neinor Homes. Invest wisely with our comprehensive market analysis. Key drivers for this market are: 4., Increasing Number of High Net-Worth Individuals (HNWIs). Potential restraints include: 4., Rising Interest Rates. Notable trends are: Rise in International Property Buyers in Spain.

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 2024, the index stood at 159.66 index points. Overall, newly built homes saw appreciation 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's commercial real estate market is booming, with a CAGR exceeding 5% and strong growth in key sectors like hospitality, logistics, and multi-family housing. Discover market trends, top players, and investment opportunities in Madrid, Barcelona, Valencia, and beyond. Invest wisely in Spain's thriving CRE market. 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.

The Spain residential real estate market size reached approximately USD 165.79 Billion in 2024. The market is projected to grow at a CAGR of 5.80% between 2025 and 2034, reaching a value of around USD 291.35 Billion by 2034.

The size of the Spain Residential Real Estate Industry market was valued at USD 166.01 Million in 2023 and is projected to reach USD 264.84 Million by 2032, with an expected CAGR of 6.90% during the forecast period. Recent developments include: October 2022: A build-to-rent (BTR) cooperation between Layetana Living and Aviva Investors was established in Spain. According to the statement, the collaboration between Aviva and the Spanish developer Layetana will construct a more than EUR 500 million (USD 531.20 Million) residential portfolio, already securing its first development project. Based on the recommendation of international real estate consultancy Knight Frank, the partnership purchased a 71-unit residential building in Barcelona's Sants neighborhood. Construction is scheduled to begin at the end of 2023., September 2022: Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, expanded its services in the Valencian Community. It is now running with Maryana Kim directing a new office in Denia, in the northern section of the Costa Blanca. It is the fourth facility that Berkshire Hathaway HomeServices Spain opened in 2022.. Key drivers for this market are: 4., Increasing Number of High Net-Worth Individuals (HNWIs). Potential restraints include: 4., Rising Interest Rates. Notable trends are: Rise in International Property Buyers in Spain.

The Spain residential real estate market size was USD 145.18 Billion in 2022 and is likely to reach USD 264.67 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031. The growth of the market is attributed to the increase in construction as well as population.

Spain’s real estate market is posting a positive trend, especially in terms of demand. The revival in house sales was high in 2021. For instance, 468,000 transactions were completed by October 2021, a growth of 35.9% compared to 2020 and up by 8.3% on 2019. The activity in the residential sector was highest since 2008. A large part of this revival in demand has come from a reduction in pent-up demand and the forced savings accumulated during the months of lockdown and severely restricted travel, combined with highly favorable financing conditions, which make it more attractive to buy and invest in real estate assets. The residential sector is therefore on track to close 2021 with 545,000 sales in the year as a whole.

Before the pandemic began, the residential real estate market in Spain was growing at a healthy pace, which was then dented by Covid-19 as the construction of housing units came down. However, in 2021, the market was back on track with increase in construction.



As per the latest data from the Appraisal Society, it indicates that the price of new housing has remained stable, in a context of increased sales and improvement in economic indicators. The average price of new homes has grown 0.4% in Spain over the last 12 months to Euro 2,482 (approximately USD 2812) per square meter. This slight increase has been generalized and has been registered in 16 of the 17 autonomous communities.



The economic consequences of the Covid crisis made a dent in the real estate market, and has reflected in the 16.7% collapse of sales in Spain in 2020 to 419,898 transactions. As a result, experimental ways of life are introduced into the real estate market to compensate for the lack of social interaction between people.

Spain Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

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The Spain Commercial Real Estate industry 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, particularly in cities like Madrid, Barcelona, and Valencia, is boosting demand for hospitality and retail spaces. Furthermore, a growing population and increasing urbanization are driving the need for more residential (multi-family) and office properties. Investment in logistics and industrial real estate is also significant, reflecting Spain's growing role in European supply chains. While challenges exist, including potential interest rate hikes impacting financing costs and fluctuations in the global economy, these are largely offset by the strong underlying fundamentals of the Spanish market. The sector's segmentation reflects diverse investment opportunities. Major cities like Madrid and Barcelona account for a substantial share of the market, but other cities like Valencia and Malaga are also demonstrating significant growth potential, reflecting a decentralization of economic activity and investment. Key players, including Merlin Properties, Via Celere, and Kronos Investment Group, are driving this growth through both development and acquisition. The study period (2019-2033) provides a comprehensive overview of the market's historical performance and future trajectory, allowing for informed investment decisions. The diverse segments within the Spanish commercial real estate market offer compelling investment prospects. The office sector remains a significant contributor, fueled by both established businesses and burgeoning startups. Retail real estate continues to evolve, with a shift towards experiential retail and a growing online presence requiring strategic adaptations. The logistics and industrial segments are experiencing particularly rapid growth due to increased e-commerce activity and the strategic location of Spain within the European Union. The hospitality sector, while sensitive to global economic conditions, benefits from Spain's enduring popularity as a tourist destination. The multi-family sector is also witnessing expansion to meet the housing needs of a growing population. Understanding the interplay between these segments, coupled with an analysis of regional variations and the key players involved, is crucial for investors seeking to navigate this dynamic market successfully. The forecast period (2025-2033) provides a valuable outlook on the future trajectory of this promising market. Considering the historical data (2019-2024) will help in creating a balanced understanding of the market fluctuations and potential future trends. 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.. Notable trends are: Increasing demand for logistics property driving the market.

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.

The Spanish Manufactured Homes Market is Segmented by Type (Single Family and Multi-family). The report offers market size and forecast values (USD billion) for all the above segments.

Discover the booming Spain condominiums and apartments market! Our comprehensive analysis reveals a CAGR exceeding 5.40% through 2033, driven by tourism, urban growth, and government incentives. Learn about key players, regional trends, and future growth projections for Madrid, Barcelona, and other major cities. Recent developments include: Oct 2022: A build-to-rent (BTR) cooperation between Layetana Living and Aviva Investors was established in Spain. According to the statement, the collaboration between Aviva and the Spanish developer Layetana will construct a more than EUR 500 million (USD 531.20 million) residential portfolio, already securing its first development project. Based on the recommendation of international real estate consultancy Knight Frank, the partnership purchased a 71-unit residential building in Barcelona's Sants neighborhood. Construction is scheduled to begin at the end of 2023., Sept 2022: Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, expanded its services in the Valencian Community. It is now running with Maryana Kim directing a new office in Denia, in the northern section of the Costa Blanca. It was the fourth facility that Berkshire Hathaway HomeServices Spain opened in 2022.. Notable trends are: Rise in International Buyers in Spain.

Discover the booming Spain condominiums and apartments market! Learn about its 5.40%+ CAGR, key drivers, regional trends (Madrid, Barcelona, Valencia), and top companies. Explore market insights and forecasts for 2025-2033. Recent developments include: Oct 2022: A build-to-rent (BTR) cooperation between Layetana Living and Aviva Investors was established in Spain. According to the statement, the collaboration between Aviva and the Spanish developer Layetana will construct a more than EUR 500 million (USD 531.20 million) residential portfolio, already securing its first development project. Based on the recommendation of international real estate consultancy Knight Frank, the partnership purchased a 71-unit residential building in Barcelona's Sants neighborhood. Construction is scheduled to begin at the end of 2023., Sept 2022: Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, expanded its services in the Valencian Community. It is now running with Maryana Kim directing a new office in Denia, in the northern section of the Costa Blanca. It was the fourth facility that Berkshire Hathaway HomeServices Spain opened in 2022.. Key drivers for this market are: High demand with signs of increased residential project developments and buyers in the market, The growing population in Bahrain is driving the luxury residential real estate sector. Potential restraints include: The Bahrain real estate sector has been growing at a slower pace in recent years, The increased cost of credit due to higher interest rates is starting to dent demand for luxury real estate in Bahrain. Notable trends are: Rise in International Buyers in Spain.

Discover the booming Spain Commercial Real Estate market! With a CAGR exceeding 5% and a projected market size of billions of Euros, this in-depth analysis explores market drivers, trends, and key players like Merlin Properties and Klepierre. Learn about investment opportunities and future growth projections in this dynamic sector. 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.