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Spain House Price Index since 1990

Spain

Source: Banco de España

House prices in Spain.

We use the Banco de España's quarterly time series of the average price per square meter of open-market appraised housing in Spain, which uses a geographical disaggregation based on Ministerio de Transportes and Movilidad y Agenda Urbana data, weighted by the number of houses in each province according to the Census. It stretches back to 1990.

House prices in Spain, % change 1 yr

Nominal and inflation-adjusted ('real')

Spain

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20240.81%
20231.63%-1.03%0.12%1.27%
20220.28%-2.81%-1.21%0.6%
20210.06%-0.64%0.45%-1.18%
20200.43%-2%1.11%-0.65%
20192.44%-1.34%0.73%-0.15%
20181.31%-0.31%0.17%0.92%
20171.2%-0.52%1.15%-0.21%
20162.2%-0.59%-0.29%-0.8%
20151.34%-0.52%0.87%0.48%
20140.65%-1.05%0.52%0.12%
20130.08%-1.72%-0.29%-2.44%
2012-2.51%-4.26%-2.83%-3.77%
2011-2.81%-3.1%-0.83%-2.86%
2010-0.69%-2.57%-0.85%-1.94%
2009-1.37%-3.08%-0.84%-1.25%
20080.47%-2.59%-1.26%-2.23%
20071.81%-0.65%0.64%-0.99%
20063.41%0.68%1.04%1.09%
20054.57%1.69%1.53%0.84%
20045.73%3.29%2.19%1.55%
20035.39%5.07%2.91%1.31%
20025.51%3.97%2.53%0.36%
20013.41%2.14%1.33%0.99%
20002.32%1.8%0.1%-0.66%
19992.39%2.54%1.91%-0.28%
19981.58%6.02%1.33%-2.79%
1997-0.95%4.97%-0.69%-3.88%
1996-2.16%0.61%-1.43%-0.01%
19955.23%1.11%-0.9%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%
19914.29%3.3%0.27%2.89%
19900.91%-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.