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.