The SPI House Price Index Tracker plots the progress of the six most-watched house price indices in Spain, and brings them together in the chart above.
The following residential property price indices were released in April 2017 (all figures show year-on-year percentage change):
- The Idealista asking price index +7.5% in April, having risen more than 7% each of the last three months
- The Tinsa index based on valuations by the company +3.6% in March
- The Association of Spanish Notaries index 0.0% no change in February
These national indices don’t tell us anything about local markets, but they do give us some idea of where we are in the property market cycle. The chart above shows that Spanish house prices are back in positive territory, whichever index you choose.
Tinsa Spanish House Price Index
The Spanish house price index published by Tinsa – one of Spain’s biggest appraisal companies – also shows house price changes by area, with the big cities (mainly Barcelona and Madrid) up 6.8% in March, the Mediterranean coast up 0.4%, and the Balearic and Canary Islands down 2.3%.