Spanish house price data published in May 2018

 

spanish house prices may 2018

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 May 2017 (all figures show year-on-year percentage change):

  • The Spanish Land Registrars’ Association +9.39% in the first quarter of the year, based on their ‘repeat sale’ methodology that only takes into account properties that have been sold at least once before.
  • The Spanish Government (Fomento) index based on official valuations +2.7% in the first quarter
  • The Association of Spanish Notaries index +0.4% in March
  • The Tinsa index based on valuations by the company +5.4% in April

As I always point out, 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.

The Registrars point out that prices have risen 26% since they bottomed out at the end of 2014, but are still down 18% compared to the peak in 2007.

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 8.7% in April, the Mediterranean coast up 0.3%, and the Balearic and Canary Islands up 5.6%.

spanish house prices may 2018

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). He can be reached by email on ms@spanishpropertyinsight.com. All articles published in good faith as a general guide but no substitute for professional advice. Please read the SPI disclaimer