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.

La Rioja was the Spanish region where the pandemic impact on real estate prices was higher compared to the previous year, with a decrease of almost 16% in the last quarter of 2020. The only place in Spain where there was an increase in comparison with the pre-pandemic data was in the autonomous city of Melilla.

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.

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.

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.

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 commercial property price index for office buildings in Spain plummeted in 2020, followed by a gradual increase until 2023. The index measures the development of office prices, with 2015 used as a baseline year with an index value of 100. In the third quarter of 2023, the index amounted to *** index points, suggesting an increase of eight percent since 2015.

The province of Valencia experienced the highest year-on-year change of home prices in the Spanish Costa Valenciana, growing by *** percent. On the contrary, property prices in Alicante fell in 2020 compared to the previous year. Additionally, home prices in coastal provinces have also been broken down by cheapest and most expensive provinces.

Spain Consumer Price Index (CPI): Weights: GS: Insurance: Housing data was reported at 4.214 Per 1000 in 2021. This records an increase from the previous number of 4.068 Per 1000 for 2020. Spain Consumer Price Index (CPI): Weights: GS: Insurance: Housing data is updated yearly, averaging 3.980 Per 1000 from Dec 2017 (Median) to 2021, with 5 observations. The data reached an all-time high of 4.214 Per 1000 in 2021 and a record low of 3.826 Per 1000 in 2017. Spain Consumer Price Index (CPI): Weights: GS: Insurance: Housing data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.I017: Consumer Price Index: Weights.

Spain Market Capitalization: Spanish Stock Exchange: Annual: Real Estate Services data was reported at 30,249.494 EUR mn in 2024. This records an increase from the previous number of 26,844.799 EUR mn for 2023. Spain Market Capitalization: Spanish Stock Exchange: Annual: Real Estate Services data is updated yearly, averaging 27,310.547 EUR mn from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 30,809.236 EUR mn in 2019 and a record low of 25,141.498 EUR mn in 2020. Spain Market Capitalization: Spanish Stock Exchange: Annual: Real Estate Services data remains active status in CEIC and is reported by Bolsas y Mercados Españoles. The data is categorized under Global Database’s Spain – Table ES.Z002: Bolsas y Mercados Españoles: Market Capitalization.

The commercial property price index for retail buildings in Spain witnessed an overall downward trend between 2014 and 2023. After reaching its peak at *** index point in the third quarter of 2015, the index experienced a significant decline. Between the third quarter of 2020 and the first quarter of 2021, the property price index plateaued at ** index points, which not only marked its lowest point during this time period, but also stood at a value lower than the baseline year of 2014. In the third quarter of 2023, the index stood at ** points.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

Spain - Severe housing deprivation rate: Tenant, rent at market price was 7.00% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on November of 2025. Historically, Spain - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 8.90% in December of 2020 and a record low of 2.80% in December of 2017.

Spain's house prices continued their decelerating growth in early 2020, as housing demand slowed down. In Q1 2020, nominal house prices grew by *** percent year-on-year with real house prices growing slightly more. These figure are significantly lower than those in Q1 2019, signalling a slower pace than in previous years. Nonetheless, these figures are far cry from the financial crisis in 2008 and the early 2010s. Then, house prices decreased for five years in a row with house prices only increasing again since 2015.

Spain Market Capitalization: Spanish Stock Exchange: Real Estate Services data was reported at 30,946.336 EUR mn in Feb 2025. This records a decrease from the previous number of 31,188.971 EUR mn for Jan 2025. Spain Market Capitalization: Spanish Stock Exchange: Real Estate Services data is updated monthly, averaging 27,230.012 EUR mn from Jan 2019 (Median) to Feb 2025, with 74 observations. The data reached an all-time high of 31,188.971 EUR mn in Jan 2025 and a record low of 22,540.135 EUR mn in Oct 2020. Spain Market Capitalization: Spanish Stock Exchange: Real Estate Services data remains active status in CEIC and is reported by Bolsas y Mercados Españoles. The data is categorized under Global Database’s Spain – Table ES.Z002: Bolsas y Mercados Españoles: Market Capitalization.

Context

Based in the Boston Housing dataset, I was wondering to create a similar amount of fresh houses for sale based on real (and current) information from my home city, Seville (Spain).

Content

This dataset contains 1844 houses announced in May 2020. Please, note that some of the houses might be duplicated, as sometimes the seller publishes the same house twice with a slightly different amount. An interesting idea to clean the data before using would be to check if some of the fields or the whole row appeared before.

Some details about the fields included:

• The 'title' field contains a first word explaining if the row describes details for an appartment (piso) or a House (casa). This can be useful to get a new information column.

• The column 'price', must be multiplied by *1000 and is in € (euros), the currency currently used in Spain.

• The year of construction was not included in all of the adverts, so the ones without this information field were marked as 0.

• There was no public information related to criminality statistics, so I came up with the idea that the neighbourhoods with less hotels would be the most dangerous ones (or at least the less attractive). The number of hotels for each neighbourhood was extracted from http://www.hotelsearch.com/

• A house includes garage when the field value is set to 1. The same idea has been applied to the 'terrace' field.

Acknowledgements

All these houses information has been extracted with data scraping techniques from Idealista website.

Context

The datasets contain real estate listings in Argentina, Colombia, Ecuador, Perú, and Uruguay. With information on number of rooms, districts, prices, etc. They include houses, apartments, commercial lots, and more.

The datasets origin from Properati Data which is a data division of Properati, the Latin American property search site. On their website you can find links to different tools and datasets to use freely for your projects. All you have to do is make sure you credit them for the data.

Content

What a minute the dataset is in Spanish?! Yes, so for that reason I have provided a translated overview below. Keep in mind that although Spanish is a single language, certain words and expressions may vary depending on the country and region, e.g. the word for apartment in Colombia "apartamento" is "departamento" in Argentina. But all of these are easy to translate with Google Translator.

Overview of Data

• type - Type of listing:
  • Propiedad (Property).
  • Desarrollo/Proyecto (Development/Project).
• country - Country in which the listing is published:
  • Argentina
  • Colombia
  • Ecuador
  • Perú
  • Uruguay
• id - id of the listing. It is not unique: if the listing is updated by the real estate agency (new version of the listing) a new record is created with the same id but different dates: registration and cancellation.
• start_date - Date of registration of the listing.
• end_date - Cancellation date of the listing.
• created_on - Date of registration of the first version of the listing.
• lat - Latitude of the property.
• lon - Longitud of the property.
• l1 - Administrative Level 1: Country of the property.
• l2 - Administrative Level 2: Usually the province of the property.
• l3 - Administrative Level 3: Usually the city of the property.
• l4 - Administrative Level 4: Usually the neighbourhood of the property.
• operation - Type of listing:
  • Venta (Sale).
  • Alquiler (Rent).
• type - Type of property:
  • Casa (House).
  • Departamento (Apartment).
  • PH (Horizontal Property).
• rooms - Number of rooms (useful for Argentina).
• bedrooms - Number of bedrooms (useful for the rest of the countries).
• bathrooms - Number of bathrooms.
• surface_total - Total area in m².
• surface_covered - Area covered in m².
• price - Price published in the listing.
• currency - Currency of published price.
• price_period - Payment periods:
  • Diario (Daily).
  • Semanal (Weekly).
  • Mensual (Monthly).
• title - Title of the listing (These are in Spanish).
• description - Description of the listing (In Spanish).
• status - Development status (Completed, Under construction, ...).
• name - Development name.
• short_description - Short listing description.

Acknowledgements & Inspiration

I want to thank Properati Data for providing the datasets free of charge. Especially, datasets on real estate listings that can be difficult to come by without spending time on creating crawlers and finding websites that will allow for crawling.

The inspiration and reason I came by the datasets in the first place was through my personal project on predicting apartment prices in Buenos Aires.

Additional Information

Data was downloaded the May 24 2020.

Home prices grew between 2019 and 2020 in the three analyzed islands: Lanzarote, Gran Canaria and Tenerife. The island of Tenerife experienced the highest year-on-year change in property prices in the autonomous community of the Canary Islands, growing by *** percent compared to the previous year. Additionally, home prices in coastal provinces have also been broken down by cheapest and most expensive provinces.

Revenue is forecast to contract at a compound annual rate of 2% over the five years through 2025 to €44.7 billion. This is mostly the result of COVID-19 restrictions dampening downstream demand in 2020. While 2021 saw some recovery, poor economic conditions since 2022 have stifled any significant recovery, continuing to weigh on the industry’s revenue performance. In 2025, revenue is slated to dip by 1.1% owing to the cooling housing market, despite significant investment in civil engineering projects across Europe. Despite public funding and support for new residential properties, a weaker housing market has limited stone and aggregates demand from property developers. This is primarily the result of persistently high interest rates, inhibiting borrowing and investing. Another key factor is the decline in cement and concrete manufacturing (two key downstream markets) in Europe since 2021, according to CEMBUREAU, owing to construction companies moving towards lower embedded CO2 construction materials. Still, revenue has been propped up by growing demand from non-construction markets, like glass manufacturers, fertiliser manufacturers and other industrial and building-environment solutions applications (like sand and gravel being used to prevent coastline erosion) Over the five years through 2030, revenue is forecast to grow at a compound annual rate of 2.5%, to €50.7 billion. Economic conditions are likely to remain fairly weak in the short to medium term as inflation remains above the universal 2% target. The elevated rate of inflation will ensure central banks delay any reductions in the base rate, keeping the cost of borrowing high for would-be home buyers. Weaker demand for houses will contribute to weak price performance and disincentivise developers from increasing production, weighing on activity levels in the construction sector. However, pockets of opportunity will remain in alternative uses of stone, clay, gravel and sand.