House prices in Spain

National Statistics Institute · Quarterly · Importance

12.2% (Q2-26) YOY · % · Quarterly · CSV

Period	%
Apr 2026	12.2%
Jan 2026	12.9%
Oct 2025	12.9%
Jul 2025	12.8%
Apr 2025	12.7%
Jan 2025	12.2%
Oct 2024	11.3%
Jul 2024	8.1%
Apr 2024	7.8%
Jan 2024	6.3%
Oct 2023	4.2%
Jul 2023	4.5%
Apr 2023	3.6%
Jan 2023	3.5%
Oct 2022	5.5%
Jul 2022	7.6%
Apr 2022	8.0%
Jan 2022	8.5%
Oct 2021	6.4%
Jul 2021	4.2%
Apr 2021	3.3%
Jan 2021	0.9%
Oct 2020	1.5%
Jul 2020	1.7%
Apr 2020	2.1%
Jan 2020	3.2%
Oct 2019	3.6%
Jul 2019	4.7%
Apr 2019	5.3%
Jan 2019	6.8%
Oct 2018	6.6%
Jul 2018	7.2%
Apr 2018	6.8%
Jan 2018	6.2%
Oct 2017	7.2%
Jul 2017	6.7%
Apr 2017	5.6%
Jan 2017	5.3%
Oct 2016	4.5%
Jul 2016	4.0%
Apr 2016	3.9%
Jan 2016	6.3%
Oct 2015	4.2%
Jul 2015	4.5%
Apr 2015	4.0%
Jan 2015	1.5%
Oct 2014	1.8%
Jul 2014	0.3%
Apr 2014	0.8%
Jan 2014	-1.6%
Oct 2013	-7.8%
Jul 2013	-7.9%
Apr 2013	-12.0%
Jan 2013	-14.3%
Oct 2012	-12.8%
Jul 2012	-15.2%
Apr 2012	-14.4%
Jan 2012	-12.6%
Oct 2011	-11.2%
Jul 2011	-7.4%

About this indicator

Source

National Statistics Institute

Frequency

Quarterly

Release

Between one and three months after the reference period closes.

What it is

Measures the change in Spanish house prices through an index tracking the prices of dwellings sold (new and existing). It is a central gauge of the housing market and of household wealth, published by Spain's statistics office (INE).

How it's calculated

INE compiles the House Price Index (IPV) from the prices of registered sale transactions, relative to a base year, using methods that hold housing characteristics constant to isolate the pure price change. Both quarter-on-quarter and year-on-year changes are reported.

Market implications

House prices affect construction and its supplier industries, household wealth and spending (the wealth effect) and financial stability through mortgage lending. Rapid gains fuel the debate over affordability and the risk of overvaluation.

Limitations

The index is published with a lag and is revised. Average prices can be distorted by the mix of transactions (the type and location of the dwellings sold), and the index does not capture asking prices or the value of unsold homes.