HOUSE PRICES: Official index up 4.2% in 2015

spanish property prices official index 2015

The final figures for 2015 are in from the National Institute of Statistics (INE), showing house prices up by 4.2% last year.

The house price index published by the INE is one of the indices included in the SPI House Price Index Tracker (see chart above), and the last one to come in for 2015 (highlighted in yellow).

It supports a picture of house prices back in positive territory, but not showing much sign of taking off.

The price of new homes rose by 5.8% last year, and resales by 4%, all as a national average.

By region, prices rose the most in Madrid (+7.8%), followed by the Balearics (+7%), and Catalonia not far behind (+5.9%). Prices rose in all Spain’s autonomous regions, but by just 0.7% in Aragon.

spanish property prices official index 2015

2015 y-o-y house price percentage change by region. Dark red = Q4, yellow = Q3. Source: INE

spanish property prices official index 2015

2015 y-o-y percentage price change by regions. Source: INE

About Mark Stücklin

Mark Stücklin is a Barcelona-based Spanish property market analyst, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008).

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