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House prices in Spain: average price (Euro per sq. m.)
February, 24, 2021
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 | -2 | 1.11 | |
| 2019 | 2.44 | -1.34 | 0.73 | -0.15 |
| 2018 | 1.31 | -0.31 | 0.17 | 0.92 |
| 2017 | 1.2 | -0.52 | 1.15 | -0.21 |
| 2016 | 2.2 | -0.59 | -0.29 | -0.8 |
| 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 | -3.1 | -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 | 1.8 | 0.1 | -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 | -0.9 | 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 |
| 1991 | 4.29 | 3.3 | 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.
