Insight into the Spanish property market, guides to help you make informed decisions, and a directory of real estate professionals and home service providers from a source you can trust.
This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The high transaction costs you will face like taxes and commissions only make the decision more important to get right. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. In this market it is crucial to do your own research, and don’t rely exclusively on people who are trying to sell you something – let’s just say they might not have your best interests at heart. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. Don’t even think about buying or selling property in Spain without subscribing to Spanish Property Insight.
Every month the SPI House Price Index Tracker plots the progress of the six most-watched house price indices in Spain, and puts them all on one page. All the latest results are highlighted in yellow in the chart above.
The following residential property price indices were released in June (all figures show year-on-year percentage change):
The National Institute of Statistics (INE) +5.3% in Q1
The Notaries’ Association index +2.4% in April (1,336 €/m2)
The Tinsa index +3.6% in May
The Idealista (resale asking price) index +1.5% in June
Spanish house price indices all rising for the first time since the crash
Perhaps the most interesting observation to make about the data published in June is that this is the first time in almost a decade that all the main indices I track are to be found in positive territory. Every single leading index is currently in the black.
That said, and as I always point out, national house price figures are not much use when it comes to understanding local markets. However, they may influence market expectations and confidence, which is why I keep an eye on them.
Tinsa Spanish house price index by area
Spain’s leading appraisal company Tinsa publishes house price data categorised by area (based on its own valuation). Looking at the data published by Tinsa for May, we see that house prices in big cities and provincial capitals were up by 6.1%, by 4.7% on the Mediterranean coast, and by 2.9% in the Balearic and Canary Islands.
Tinsa also published data in June showing that house prices rose by 22% in Barcelona city, by 13% in Alicante city, and by 11% in Madrid.
Everything you need to know about property in Spain
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