The SPI House Price Index Tracker plots the progress of the six most-watched house price indices in Spain, and brings them together in one chart. All the latest results showing data published last month are highlighted in yellow in the chart above.
The following residential property price indices were released in December 2017 (all figures show year-on-year percentage change):
- The National Institute of Statistics +6.7% in Q3 (September) based on data from the Land Registry
- The Tinsa index based on valuations by the company +4% in November
- The Idealista asking price index +2.4% in November
- The Association of Spanish Notaries index -1% in October
The national indices don’t tell us much about the direction of prices in local markets, but they do at least give us an idea of where we are in the property market cycle. The data suggests the Spanish property market is back into the growth phase of the cycle after a decade in decline.