House prices in Spain: average price (Euro per sq. m.)
Spain
House prices in Spain.
We use the Banco de España's quarterly time-series of the average price per square metre of open-market appraised housing in Spain, which uses a geographical disaggregation based on Ministerio de Fomento data, weighted by the number of houses in each province according to the Census. It stretches back to 1995.
TINSA España also release a monthly house price index, as do portals like Facilismo, Kyero, Fotocasa and Idealista.
House prices in Spain, % change 1 yr
Nominal and inflation-adjusted ('real')
Spain
Source: Banco de Espana
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | 0.43% | |||
| 2019 | 2.44% | -1.34% | 0.73% | -0.15% |
| 2018 | 1.31% | -0.31% | 0.17% | 0.92% |
| 2017 | 1.20% | -0.52% | 1.15% | -0.21% |
| 2016 | 2.20% | -0.59% | -0.29% | -0.80% |
| 2015 | 1.34% | -0.52% | 0.87% | 0.48% |
| 2014 | 0.65% | -1.05% | 0.52% | 0.12% |
| 2013 | 0.08% | -1.72% | -0.29% | -2.44% |
| 2012 | -2.51% | -4.26% | -2.83% | -3.77% |
| 2011 | -2.81% | -3.10% | -0.83% | -2.86% |
| 2010 | -0.69% | -2.57% | -0.85% | -1.94% |
| 2009 | -1.37% | -3.08% | -0.84% | -1.25% |
| 2008 | 0.47% | -2.59% | -1.26% | -2.23% |
| 2007 | 1.81% | -0.65% | 0.64% | -0.99% |
| 2006 | 3.41% | 0.68% | 1.04% | 1.09% |
| 2005 | 4.57% | 1.69% | 1.53% | 0.84% |
| 2004 | 5.73% | 3.29% | 2.19% | 1.55% |
| 2003 | 5.39% | 5.07% | 2.91% | 1.31% |
| 2002 | 5.51% | 3.97% | 2.53% | 0.36% |
| 2001 | 3.41% | 2.14% | 1.33% | 0.99% |
| 2000 | 2.32% | 1.80% | 0.10% | -0.66% |
| 1999 | 2.39% | 2.54% | 1.91% | -0.28% |
| 1998 | 1.58% | 6.02% | 1.33% | -2.79% |
| 1997 | -0.95% | 4.97% | -0.69% | -3.88% |
| 1996 | -2.16% | 0.61% | -1.43% | -0.01% |
| 1995 | 5.23% | 1.11% | -0.90% | 0.64% |
| 1994 | -2.41% | -0.47% | 0.12% | -1.16% |
| 1993 | -2.11% | 0.54% | -0.44% | -1.07% |
| 1992 | -6.61% | -2.78% | -1.57% | -1.52% |
| 1991 | 4.29% | 3.30% | 0.27% | 2.89% |
| 1990 | 0.91% | -0.23% | -0.03% |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2019 | 1.65% | 2.10% |
| 2018 | 2.11% | 3.86% |
| 2017 | 1.62% | 3.09% |
| 2016 | 0.49% | 1.47% |
| 2015 | 2.17% | 1.85% |
| 2014 | 0.24% | -0.26% |
| 2013 | -4.32% | -4.20% |
| 2012 | -12.72% | -10.02% |
| 2011 | -9.27% | -6.78% |
| 2010 | -5.93% | -3.53% |
| 2009 | -6.39% | -6.25% |
| 2008 | -5.53% | -3.21% |
| 2007 | 0.78% | 4.77% |
| 2006 | 6.35% | 9.11% |
| 2005 | 8.88% | 12.75% |
| 2004 | 13.32% | 17.22% |
| 2003 | 15.45% | 18.52% |
| 2002 | 12.87% | 17.32% |
| 2001 | 8.09% | 11.13% |
| 2000 | 3.59% | 7.73% |
| 1999 | 6.69% | 9.58% |
| 1998 | 6.08% | 7.67% |
| 1997 | -0.75% | 1.21% |
| 1996 | -2.97% | 0.25% |
| 1995 | 6.11% | 10.75% |
| 1994 | -3.87% | 0.32% |
| 1993 | -3.05% | 1.57% |
| 1992 | -12.00% | -7.41% |
| 1991 | 11.14% | 17.33% |
This table shows how house prices have changed over each year. It compares the latest quarter or month of a given year with the same period the year before, so you can quickly see whether prices went up or down over that year.
